News Formal

Oil down 1% on another surprise build in U.S. crude stocks

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Oil prices fell on Thursday after industry data showed a large unexpected increase in U.S. crude stocks for a second week, heightening concerns of a drop in fuel demand.

U.S. West Texas Intermediate crude futures declined by 86 cents, or 1.1%, to $78.62 a barrel at 0109 GMT, while Brent crude futures fell 73 cents, or 0.9%, to $84.25 a barrel, extending losses of around 1% from Wednesday.

"This raised the spectre of a recession, with risk appetite suffering as a consequence," ANZ Research analysts said in a client note. Nine analysts polled by Reuters had estimated on average that crude inventories fell by about 600,000 barrels.On a bullish note, however, distillate stockpiles, which include diesel and heating oil, fell by about 1.8 million barrels against analysts' expectations for a 120,000-barrel increase.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Maybe since the invention of Fusion power we can have clean energy vehicles. Oil is toxic. Sadly people think they NEED it to live.

Thanks, Joe.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Asian Stock Market: Nikkei225 stands out on development over BOJ’s novel leadership, oil recoversMarkets in the Asian domain are displaying mixed signals amid respective developments. The market mood has caught caution as US Treasury yields have e
Källa: FXStreetNews - 🏆 14. / 72 Läs mer »

Asian Stock Market: Nikkei225 roars as BOJ keeps policy intact, oil reclaims $81.00Markets in the Asian domain are displaying mixed signals amid respective developments. Japanese equities have got an adrenaline rush as the Bank of Ja
Källa: FXStreetNews - 🏆 14. / 72 Läs mer »