Oil edges higher after US stocks fall

대한민국 뉴스 뉴스

Oil edges higher after US stocks fall
대한민국 최근 뉴스,대한민국 헤드 라인

Brent rises as market waits for next steps from producers’ meeting on output cuts

A worker walks on the heliport at the Brazil's Petrobras P-66 oil rig in the offshore Santos basin in Rio de Janeiro on September 5 2018. Picture: REUTERS/PILAR OLIVARES

Reflecting a recovery in fuel demand despite the coronavirus pandemic, US crude inventories fell by 8.3-million barrels in the week to July 10, beating analysts’ expectations for a decline of 2.1-million barrels, according to data from industry group the American Petroleum Institute . On supply, the market will be closely watching for news from a meeting of the joint ministerial monitoring committee of Opec later on Wednesday.

Key members of Opec and allies including Russia, collectively known as Opec-plus, are set to decide whether to extend output cuts of 9.7-million barrels a day that end in July or ease them to 7.7-million barrels a day.

 

대한민국 최근 뉴스, 대한민국 헤드 라인

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