Oil prices fell on Thursday, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in US oil stocks against tightening global supply.
Both contracts on Wednesday had shrugged off a large build in US crude inventories to end the trading session about 4% higher. However, the oil complex is heavily focused on the short term and fears of supply shortages are crowding out that view, she said. The probability of a EU ban on Russian oil being agreed may be almost zero, but no-one will be able or wanting to say that clearly, Hari said.At the same time, major global trading houses are also planning to curtail crude and fuel purchases from Russia's state-controlled oil companies in May, Reuters reported on Wednesday.
There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about GregoryLillian5 has been a pleasure collaborating with you in trading bitcoin .there is no other way I can show my appreciation other than tweeting the good deed.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »