TOKYO: Oil prices rose for a fifth day on Wednesday , buoyed by a bigger than expected drop in US inventories and as investors awaited a widely expected cut in interest rates by the Federal Reserve, the first in more than 10 years.AdvertisementFor the month, however, both contracts were set to ease due to ongoing worries about oil demand, with Brent heading for a decline of about 2.3per cent and WTI down slightly.
Gasoline stocks fell by 3.1 million barrels, compared with analysts' expectations for a 1.4 million-barrel decline.
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Trade jitters running high at US companies ahead of new US-China talksWorries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with companies as diverse as Juniper ...
Leggi di più »