Health
Oil eases on rate-cut worries
字号+ Author:Smart News Source:Travel 2025-01-12 09:49:38 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
-
Sarah Ferguson makes heartbreaking admission
2025-01-12 09:39
-
Azerbaijan Airlines says plane crashed after ‘external interference’ as questions mount over possible Russian involvement
2025-01-12 09:32
-
Thousands of liters of chemicals dumped into Brazilian river during deadly bridge collapse
2025-01-12 08:02
-
Black boxes of downed Azerbaijani jet recovered as questions mount over Russian involvement. Here’s what we know
2025-01-12 07:03
User Reviews
Recommended Reads
Hot Information
- Another Jeju Air plane faces landing gear issue
- Azerbaijan Airlines plane crashes in Kazakhstan, leaving 38 dead, 29 survivors, officials say
- How Kremlin disinformation could hide the cause of the Azerbaijan Airlines crash
- Azerbaijan Airlines plane crashes in Kazakhstan, leaving 38 dead, 29 survivors, officials say
- Seven UAF students get funds to launch start-ups
- Small plane crashes into Brazilian city, killing all 10 people on board
- ‘Ordinary people with shovels’: Volunteers cleaning Black Sea oil spill ask Putin for help
- Russian cargo ship sinks in Mediterranean after engine room explosion, Moscow says
- UN criticises Taliban ban on Afghan women in NGO roles
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content