Oil dips after surprise rise in U.S. crude stocks; focus on Biden, stimulus

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Oil slipped on Thursday after industry data showed a surprise build in U.S. crude inventories that reignited pandemic-led demand concerns, but stimulus hopes in the United States limited the downturn in prices.

FILE PHOTO: Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS/Brendan McDermid

“Oil prices look a tad vulnerable to potential profit-taking after U.S. crude stockpiles bearishly rose 2.56 million against consensus draw,” Axi chief market strategist Stephen Innes said in a note to clients. “The government will be keen to get any outbreaks under control, particularly with the Chinese New Year fast approaching,” he said.

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:

 /  🏆 2. in NG
 

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

What a joke! What do you mean a surprise! 🤣🤣🤣 as if there is no one checking on the levels

Check it out! I will design a variety of product labels for you for $20 on Fiverr

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ashley Biden says Melania Trump hasn't reached out to Jill Biden - Business InsiderAshley Biden says Melania Trump hasn't reached out to Jill Biden about a White House meeting before the inauguration Melania is a Petty sore loser right to the end Every time I hear this I think of the dignified and classy way she was treated by the Obamas. She was greeted by them at the door and given a gift from Tiffany’s. And I realize then, what an utter piece of trash she really is.
Source: BusinessInsider - 🏆 729. / 51 Read more »