FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz
Crude inventories fell by 5.5 million barrels in the week to Dec. 20 to 441.4 million barrels, far exceeding the 1.7-million-barrel drop expected by analysts in a Reuters poll. Oil prices were modestly higher on the data, with Brent crude rebounding from earlier losses to gain 16 cents to $68.08 at 11:18 a.m. EST in relatively light year-end trading. U.S. crude dipped by 2 cents to $61.66 a barrel.
“Unfortunately for the refineries, they’re turning that crude oil surplus into additional stocks of gasoline, which doesn’t bode well for refining margins in early 2020.”
They should!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump's stock market rally is far outpacing past US presidentsThe S&P 500 has returned more than 50% since Trump was elected, more than double the average market return of presidents three years into their term, according to Bespoke Investment Group. I'm all for a strong market - but at what cost? TrumpLandslideVictory2020 It's a free market. By saying it's 'Trump's' stock market, you are implying he has control over it. If you are willing to concede he controls it, this means he manipulates it, and you're right, he does. If he manipulates it, the SEC should investigate that, and it's impeachable.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks eye fresh records in thin post-Christmas tradeU.S. stocks climb higher Thursday in light volue trading as holiday sales season rolls on. .
Source: MarketWatch - 🏆 3. / 97 Read more »
Trump stock market rally is far outpacing past US presidentsThe S&P 500 has returned more than 50% since Trump was elected, more than double the average market return of presidents three years into their term, according to Bespoke Investment Group. Credit card rally, let's tell everyone how much was spent but not tell them it was just more debt. Cool? Cnbc - cool! He should be in jail, not running for president again. What is wrong with not nation that this kind of horrible man gets the top office? Get real. Quit acting like this is normal. Trump presides over a lawless criminal administration determined to destroy the institutions of government. This thug is a egotistical bully who should be thrashed & humiliated. The prospect of another 5 yrs of this crap warrants alarm.
Source: CNBC - 🏆 12. / 72 Read more »
Global Stocks Follow U.S. Markets HigherGlobal markets edged up in low-volume trading, after U.S. stocks touched new records on signs of a strong Christmas retail season and easing trade tensions. Shh .. The economy is booming ? You wonder why Schiff and the Dems need a smokescreen ? If history is any indication and this continues Trump wins in a landslide. You can see Nadler and Pelosi beginning to get unglued. This is why. Good Morning, Social Media
Source: WSJ - 🏆 98. / 63 Read more »