Oil stronger after fall in US stocks

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

Price increase adds to upbeat comments from Fed chair Jerome Powell

A Sinopec oil tanker approaches cargo vessel Dongtai Baoze, left, berthed at an anchorage off Zhoushan port to supply it with bunker fuel, in Zhejiang province, China. Picture: REUTERS/STRINGER

Brent futures were up 17 cents, or 0.3%, at $62.54 a barrel, having risen 0.5% in the previous session. US crude inventories fell by 541,000 barrels in the week to November 8 to 440-million, data from the American Petroleum Institute, an industry group, showed on Wednesday, compared with analysts’ expectations for an increase of 1.6-million barrels.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines