Oil rises after bigger-than-expected decline in US stocks

Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France. Picture: REUTERS/CHRISTIAN HARTMANN

The US and global benchmarks have gained in 2019 as Opec and big producers such as Russia have honoured commitments to cut output. Crude inventories fell by 8.1-million barrels in the week to July 5 to 461.4-million, compared with analyst expectations for a decrease of 3.1-million barrels, according to the data.

Oil prices have been under pressure from concerns about global economic growth amid increasing signs of harm from the US-China trade war that has rumbled on over the last year. Lower economic growth typically means reduced demand for commodities such as oil.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

MARKET WRAP: JSE closes lower as traders await US Fed interest-rate stanceUS Federal Reserve chair Jerome Powell will testify before the US Congress on Wednesday and Thursday
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »