Oil dips on report of rising U.S. crude stockpiles, but market remains tense

SINGAPORE - Oil prices dipped on Wednesday after a report showed a rise in available U.S. crude inventories, but the market remained tense amid an intensifying political crisis in Venezuela, tightening U.S. sanctions on Iran and continuing OPEC supply cuts.

U.S. West Texas Intermediate crude futures were down 51 cents, or 0.8 percent, at $63.49 per barrel. However, focus was shifting to the crisis in major oil producer Venezuela, where there appears to be a standoff between incumbent President Nicolas Maduro and opposition leader Juan Guaido. Many observers fear this could lead to large-scale violence, as well as disruptions to crude supply.

Great picture

A major Canadian Bank is looking & predicting Two to three rate hikes by next summer.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Oil dips as supply adequate despite Iran sanctions, but market tighteningOil prices fell on Wednesday amid signs that global markets remain adequately su... Fair Price for oil barrel 15 US dollar Worldwide project to end civilization as quickly as possible still on track There is no excuse for the US, not to be energy independent. It is an issue of national security.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Oil falls from 6-month high on signs market not as tight as fearedOil prices fell on Wednesday after a report allayed concerns about tightening su...
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »