By Yasin Ebrahim
Investing.com – U.S. crude stockpiles unexpectedly rose last week following a strong start to the week in oil prices amid global energy crunch in natural gas.
West Texas Intermediate, the benchmark fell to $74.33 a barrel on the news, after settling down 0.21% at $75.29 a barrel.
U.S. crude inventories increased by about 4.1 million barrels for the week ended Sept. 24. That compared with a draw of 6.1 million barrels reported by the API for the previous week. Economists were expecting a draw of about 2.3 million barrels.
The API also showed that gasoline inventories jumped by about 3.6 million last week, and distillate stocks increased by about 2.5 million barrels.
The official government inventory report due Wednesday is expected to show weekly U.S. crude supplies declined by about 1.6 million barrels last week.
Oil Inventories Rise by 4.1M Barrels Last Week: API
By Reuters – Sep 28, 2021
WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai and her European Union counterpart discussed common challenges posed by non-market economies, including China,…
By Investing.com – Sep 28, 2021
By Barani Krishnan
Investing.com – Oil prices fell on Tuesday as a rout in Wall Street stocks weighed on sentiment in a heavily-overbought market.
Profit-taking by some longs after…
By Reuters – Sep 28, 2021
By Rod Nickel (Reuters) – Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a five-day rally ran out of steam with investors…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
(C) 2007-2021 Fusion Media Limited. All Rights Reserved
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.