Health
Oil eases on rate-cut worries
字号+ Author:Smart News Source:Sports 2025-01-12 21:42:47 I want to comment(0)
LONDON: Oil prices edged lower on Wednesday as a large, surprise build in US gasoline stocks and worries about the outlook for US interest rates next year outweighed easing supply concerns from a ceasefire deal between Israel and Hezbollah. Brent crude futures were down 42 cents, or 0.6 per cent, to $72.39 a barrel by 1:20pm ET (1820 GMT). US West Texas Intermediate crude slipped 51 cents, or 0.7pc, to $68.26. US gasoline stocks rose by 3.3 million barrels in the week to 212.2 million barrels, the Energy Information Administration said, compared with analysts’ expectations in a Reuters poll for a draw of 46,000 barrels. Crude stocks fell by 1.8 million barrels in the week ended Nov. 22, the EIA added, compared with analysts’ expectations in a Reuters poll for a draw of 605,000 barrels. Market sources, citing the American Petroleum Institute, had said on Tuesday that oil inventories fell by 5.94 million barrels and fuel inventories rose last week.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Qaiser blames Maryam, Asif for 'attempting to derail PTI-govt talks'
2025-01-12 20:08
-
Gilgit Baltistan named among top destinations to visit in 2025
2025-01-12 19:50
-
'Fitna al khawarij' must be eliminated, says PM Shehbaz Sharif
2025-01-12 19:44
-
Gilgit Baltistan named among top destinations to visit in 2025
2025-01-12 19:39
User Reviews
Recommended Reads
Hot Information
- ‘Meeting with the past’, Greek family keeps ancient instruments alive
- No point in negotiating with govt lacking mandate, Achakzai tells PTI
- German tourist expresses love for Faisalabad
- Govt rules out Imran's release via 'executive order' as PTI says talks success hinges on 'justice for all'
- Japanese man broke into 1,000 homes to ‘relieve stress’
- Pakistan begins two-year UNSC term, reaffirms commitment to Kashmir, Afghanistan peace
- German tourist expresses love for Faisalabad
- Govt-opposition negotiations need of Pakistan, say top PTI leaders
- S Korean court orders arrest of suspended President Yoon
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content