Surprise fall in US stocks boosts oil prices

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Optimism over Covid-19 vaccines has also buoyed markets

Chemical tanker Nordic Sound passes silos at the Total petrochemical plant at the Port of Le Havre in Le Havre, France. Picture: BLOOMBERG/NATHAN LAINE

Brent futures were up 45 US cents, or 0.9%, at $49.06 a barrel by 2.45am GMT, after rising around 1.6% in the previous session. West Texas Intermediate crude was up by 34c, or 0.7%, at $46.05 a barrel, having gained 1.8% on Wednesday. Encouraging vaccine results are “pushing aside concerns of enduring containment measures and prompting some follow-through buying from the speculative community”, Citigroup Global Markets said in a note.US oil stockpiles fell 754,000 barrels last week, data showed, while analysts in a Reuters poll had predicted a 127,000-barrel rise. Stockpiles at the Cushing, Oklahoma, delivery point for WTI, fell by 1.7-million barrels.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US doubles down on barring US investment in Chinese firms with alleged military linksThe US says the move ensures US capital does not contribute to the development of the China’s military, intelligence, and security services
La source: BDliveSA - 🏆 12. / 63 Lire la suite »