Oil struggles to recover after US petrol stocks build

📆 23/10/2020 09.41.00
📰 BusinessTimes

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

[NEW YORK] Oil prices ticked up on Thursday, boosted by the possibility of an economic stimulus package in the United States, but struggled to recover fully from the previous session's losses when higher US petrol inventories signalled a deteriorating demand outlook as coronavirus cases soar. Read more at The Business Times.

US petrol stocks rose by 1.9 million barrels last week, the Energy Information Administration said on Wednesday, compared with expectations for a drop of 1.8 million barrels.

Record new daily Covid-19 infection numbers in several US states and in Europe, along with further coronavirus lockdowns and China's crackdown on outbound travel, all bode ill for fuel demand. " might improve the demand tone for a week or two," said Lachlan Shaw, head of commodity research at National Australia Bank.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Analysis: US investment bankers' new pitch: Biden's tax hikeInvestment bankers keen to win lucrative assignments have a new pitch for U.S. corporate owners: hire us to sell your company now or pay at least ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Dalio Philanthropies gives US$25m grant for new programme to train policymakers, investment professionalsSINGAPORE: Wealth Management Institute (WMI), a non-profit educational and research institute, announced on Wednesday (Oct 21) that it will launch ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »