News Formal

Oil prices rise on bigger than expected drop in U.S. crude stocks

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 20 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 92%

Energy Berita

Oilprice

Brent futures rose 41 cents to $85.49 a barrel by 0819 GMT, while U.S. West Texas Intermediate crude was up 69 cents to $83.54

Oil prices extended gains on Thursday, buoyed by a bigger than expected decline in crude stocks in the United States, the world’s largest oil consumer.

“Healthy demand signals from the U.S. outweigh concerns from modest Chinese growth last week,” said Priyanka Sachdeva, senior market analyst at Phillip Nova. Federal Reserve officials said on Wednesday that the U.S. central bank is closer to cutting rates given inflation’s improved trajectory and a labour market in better balance, possibly setting the stage for a reduction in September.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
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:

 /  🏆 5. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

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

Oil price news: Oil holds above US$85 a barrel as market gears up for U.S. dataOil rose as traders turned their attention to U.S. inventories data due later today.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »