US
Oil eases on rate-cut worries
字号+ Author:Smart News Source:Health 2025-01-13 02:34:53 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
-
Indian parliament disrupted over Adani bribery charges
2025-01-13 01:18
-
Which countries will ring in New Year 2025 first and last?
2025-01-13 01:03
-
S Korean court orders arrest of suspended President Yoon
2025-01-13 00:06
-
'Never seen anything like this': Elon Musk after Cybertruck blast claims life
2025-01-12 23:59
User Reviews
Recommended Reads
Hot Information
- Israel security cabinet begins meeting on Lebanon truce: official
- Another Jeju Air plane faces landing gear issue
- Which countries will ring in New Year 2025 first and last?
- S Korean court orders arrest of suspended President Yoon
- PCB announces Aqib Javed as interim white-ball coach
- 2025 to witness beginning of Generation Beta
- UN criticises Taliban ban on Afghan women in NGO roles
- Another Jeju Air plane faces landing gear issue
- Expert warns of consequences of antimicrobial resistance in healthcare
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content