News Formal

Oil ticks up as drop in U.S. crude and gasoline stocks exceeds view

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Both contracts had fallen about 2.5% in the previous session on signals that central banks may not be done with interest rate hikes.

Crude stocks fell by about 2.4 million barrels in the week ended June 23, according to the market sources, citing data from industry group American Petroleum Institute. Analysts had expected a draw of 1.76 million barrels.

Gasoline inventories fell by about 2.9 million barrels, compared with estimates for a draw of 126,000. That comes after a clash between Moscow and Russian mercenary group Wagner led to concern about possible oil supply disruptions and as markets await Saudi Arabia'sOn the demand side, European Central Bank President Christine Lagarde said on Tuesday that stubbornly high inflation will require the bank to avoid declaring an end to rate hikes. Higher interest rates can weigh on economic activity and oil demand.will likely have to continue raising interest rates.

Markets also awaited data due on Wednesday on China's industrial profits to gauge the strength of the world's second-biggest economy.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Crude Oil Forecast: Market Outlook and Potential ChallengesThe WTI Crude Oil market displayed resilience despite a temporary retreat on Monday.
Bron: Daily_Forex - 🏆 567. / 51 Lees verder »

Global oil market fundamentals sound for rest of 2023 - Aramco CEO saysGlobal oil market fundamentals are expected to remain sound for the rest of the year, underpinned by healthy demand in developing countries, especially in China and India, Saudi Aramco CEO Amin Nasser said on Monday.
Bron: Reuters - 🏆 2. / 97 Lees verder »