Oil slips on higher US crude stocks

Top Stories
Most Popular

Panorama

Police say a Russian ‘spy whale’ in Norway wasn’t shot to death

Will Jennings, co-writer of Titanic's song dies

Without astronauts, Boeing's Starliner returns to Earth

Enthusiastic amateur finds ring buried for more than 1,000 years

Serbia tackles sunken Nazi fleet In the Danube

New discovery in an ancient cave could change Mallorca's history

Archaeologists unearth nearly 150 tombs spanning several centuries under Chinese zoo

Haul of ancient Roman coins discovered in Sicily

George Clooney and Brad Pitt play waiters in restaurant

Adele announces indefinite hiatus from music

Home Business Oil slips on higher US crude stocks 21-08-2024 11:08 AM Ammon News - Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators. Brent crude futures fell 11 cents, or 0.1%, to $77.09 a barrel by 0630 GMT. U.S. West Texas Intermediate crude dipped 14 cents, or 0.2%, to $73.03. U.S. crude oil stocks were seen rising last week by 347,000 barrels, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline and distillate stocks, however, fell by 1.043 million barrels and 2.247 million barrels respectively, according to the sources. The United States is the world's biggest producer and consumer of oil, and growing inventories point to oversupply that could pressure prices. Official U.S. government inventory estimates are set to be released on Wednesday at 10:30 a.m. Reuters

Home Business

Oil slips on higher US crude stocks

21-08-2024 11:08 AM

Ammon News - Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.

Brent crude futures fell 11 cents, or 0.1%, to $77.09 a barrel by 0630 GMT. U.S. West Texas Intermediate crude dipped 14 cents, or 0.2%, to $73.03.

U.S. crude oil stocks were seen rising last week by 347,000 barrels, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline and distillate stocks, however, fell by 1.043 million barrels and 2.247 million barrels respectively, according to the sources.

The United States is the world's biggest producer and consumer of oil, and growing inventories point to oversupply that could pressure prices.

Official U.S. government inventory estimates are set to be released on Wednesday at 10:30 a.m.

Reuters

no comments

Notice

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.

name : *
email
	show email
comment : *
Verification code :	Refresh write code :