News Formal

Oil prices slip on higher U.S. crude stocks; market watches Middle East

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 26 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Energy Noticias

Oilprice

Brent crude futures dropped 73 cents to $75.31 a barrel by 0917 GMT, while U.S. West Texas Intermediate crude futures shed 74 cents to $71.00

Oil prices fell on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though crude futures were still up about 3 per cent this week as traders factored in continuing conflict in the Middle East.

Oil had settled higher in the previous two sessions, paring the previous week’s losses of more than 7 per cent. Those declines stemmed from worries about Chinese demand and some easing concerns around Middle East oil supply being disrupted. “The market continues to wait for Israel’s response to Iran’s missile attack,” ING analysts said on Wednesday, adding that Tuesday’s price strength was possibly because of the lack of any outcome from U.S. Secretary of State Antony Blinken’s latest visit to Israel.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 31. in ES

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Oil stocks have more room to run as tension in the Middle East escalatesOil companies with limited exposure to the Middle East may be a way to hedge against potential disruptions.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stocks lose ground, oil extends gains amid Middle East tensionThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »