Travel
Oil eases on rate-cut worries
字号+ Author:Smart News Source:Travel 2025-01-12 10:11:08 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
-
South Korea crash investigation ramps up as funeral procedures begin
2025-01-12 10:00
-
King Charles makes big decision amid speculation about abdication
2025-01-12 08:18
-
Selena Gomez breaks down after heartwarming moment with Salma Hayek
2025-01-12 07:56
-
Lily Allen uncovers David Harbour’s Raya secret with sleuth-like precision
2025-01-12 07:48
User Reviews
Recommended Reads
Hot Information
- History's most renowned psychics predict disasters to sweep world in 2025
- Meghan Markle delights Prince Harry with honour to beloved royal
- 2025 Golden Globe: Selena Gomez feels ‘more than solemn’ at this point in time
- Elton John jokes about fading eyesight at 2025 Golden Globes
- School principal held for rape of student in Lodhran
- Golden Globes 2025: Jodie Foster calls 60s ‘golden age’ for women in Hollywood
- 'Star Wars' famed Jake Lloyd goes vocal about his 'mental health' struggles
- Sofía Vergara’s shocking reaction to Jodie Foster winning Golden Globes
- Workshop highlights drug prevention in educational institutions
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content