Investors are recalibrating the energy market, weighing the prospects for China's reviving demand and tepid consumption in the U.S. and other advanced economies, analysts from Haitong Futures said.up to 25%The dollar index inched down by 0.1% to 104.39 on Thursday, making oil slightly cheaper for those holding other currencies.U.S. crude oil and fuel inventories rose by 9.9 million barrels last week, according to market sources citing American Petroleum Institute figures on Wednesday.
U.S. oil inventories have climbed every week since mid-December, stoking investor worries about demand. A Reuters poll had forecast a 2.1 million barrel increase in crude stockpiles last week. Official data from the U.S. Energy Information Administration is due on Thursday at 1600 GMT.Our Standards:Reports on oil and energy, including refineries, markets and renewable fuels. Previously worked at Euromoney Institutional Investor and CNN.
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