Oil falls on increase in US stocks

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Malaysia News News

Brent extends losses as Opec and its allies leave markets in limbo by delaying meeting

Oil tankers pass through the Strait of Hormuz. Picture: REUTERS/HAMAD I MOHAMMED

Industry data from the American Petroleum Institute showed US crude inventories rose by 4.1-million barrels last week, compared with analysts’ expectations in a Reuters poll for a draw of 2.4-million barrels. “The risks of the Opec+ alliance failing to reach an agreement are high,” ANZ analysts said in a note on Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines