News Formal

Oil rises as falling U.S. inventories refocus market on demand

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Brent crude climbed by 40 cents to $81.17 a barrel by 0723 GMT, while U.S. West Texas Intermediate crude gained 48 cents to $77.55

Oil rose on Wednesday after plunging more than 2 per cent in the previous session as reports of falling U.S. crude oil and fuel inventories refocused investors on robust demand in the world’s top oil consumer.

Gasoline inventories fell 1.9 million barrels last week, while distillate inventories rose by 1.7 million barrels, the sources said the API reported. Official stockpiles data from the U.S. government is due on Wednesday. Oil prices dived more than 2 per cent on Tuesday, returning to the near the same level before the Organization of the Petroleum Exporting Countries and other producer allies such as Russia, known as OPEC+, announced an additional output reduction in early April.

 

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

 /  🏆 5. 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.

U.S. oil refiners to post strong first-quarter earnings, but demand outlook dimsRefiners have been riding a wave of favourable pricing and demand as pandemic-era closings boosted margins
Källa: globeandmail - 🏆 5. / 92 Läs mer »