Oil prices rise for fifth day after US stocks decline

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.

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.

Trade jitters running high at US companies ahead of new US-China talksNEW YORK (REUTERS) - Worries about the US-China trade war are running high during the current US quarterly reporting season, with companies as diverse as Juniper Networks and O'Reilly Automotive bemoaning the consequences but saying they are finding ways to weather the storm.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »