US
Oil eases on rate-cut worries
字号+ Author:Smart News Source:US 2025-01-13 03:10:22 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
-
Rare karachi fish faces threat from lithium mining project
2025-01-13 02:17
-
Second Karachi Marathon draws hundreds of runners in chilly weather
2025-01-13 01:52
-
Pakistan resume first innings against South Africa's mammoth total in second Test
2025-01-13 01:06
-
Second Karachi Marathon draws hundreds of runners in chilly weather
2025-01-13 01:00
User Reviews
Recommended Reads
Hot Information
- Sindh MDCAT retake to be held on December 8: health dept
- Pakistan resume first innings against South Africa's mammoth total in second Test
- Pakistan resume first innings against South Africa's mammoth total in second Test
- Pakistan resume first innings against South Africa's mammoth total in second Test
- Hostel charges
- Pakistan resume first innings against South Africa's mammoth total in second Test
- Second Karachi Marathon draws hundreds of runners in chilly weather
- Second Karachi Marathon draws hundreds of runners in chilly weather
- $300bn for climate finance falls short of expectations
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content