Business
Oil eases on rate-cut worries
字号+ Author:Smart News Source:Business 2025-01-12 18:49:05 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
-
Mine collapse: 8 colliers still trapped as authorities retrieve 4 bodies
2025-01-12 18:45
-
Elton John set to present Golden Globe Awards along Dwayne Johnson, Demi Moore
2025-01-12 18:08
-
Elton John set to present Golden Globe Awards along Dwayne Johnson, Demi Moore
2025-01-12 18:06
-
Tom Holland dishes out rare effects of sobriety during filming
2025-01-12 18:05
User Reviews
Recommended Reads
Hot Information
- World's top Islamic university set to open campus in Pakistan
- Millie Bobby Brown claps back at trolls over 'mature' look
- Elton John set to present Golden Globe Awards along Dwayne Johnson, Demi Moore
- David Schwimmer recalls 'scary' Friends scene that sent costar to hospital
- Four drown in Greece migrant boat sinking
- Britney Spears ex Sam Asghari steps in 2025 with girlfriend Brooke Irvine
- Tom Holland dishes out rare effects of sobriety during filming
- Tom Holland reveals lawyer’s advice that ’helped’ actor quit ‘drinking’
- S Korean court orders arrest of suspended President Yoon
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content