Oil Holds Decline After Industry Report Points to Stockpile Gain

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 32 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

American Petroleum Institute Nyheter

West Texas Intermediate,Bloomberg,Crude Inventories

(Bloomberg) -- Oil held a decline after an industry report signaled a small build in US crude inventories ahead of official government data.Most Read from...

-- Oil held a decline after an industry report signaled a small build in US crude inventories ahead of official government data.Brent traded below $85 a barrel and West Texas Intermediate was near $81. The American Petroleum Institute reported crude stockpiles rose by about 900,000 barrels last week, according to people familiar with the figures. Holdings at the Cushing storage hub declined, however.

Prompt time spreads for Brent and WTI have widened in a bullish backwardation structure this month, and money managers have recently increased their bets on a range of products including ICE gasoil, Europe’s diesel benchmark.Buy 500 Shares of This Super Dividend Stock for $1,830/Year in Passive Income

Dividend stocks like Fortis Inc can be great additions to a well-diversified portfolio. The post RRSP Wealth: 2 Great Dividend Stocks to Own for Total Returns appeared first on The Motley Fool Canada.Prices for services pushed the annual rate of inflation up to 2.9 per cent in May, according to Statistics Canada.

 

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:

 /  🏆 47. 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.

Oil Holds Decline After Industry Report Points to Stockpile GainOil held a decline after an industry report signaled a small build in US crude inventories ahead of official data.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »