mercredi 11 mars 2015
US crude inventories rise by 4.5M barrels
Posted on 07:51 by nice news
Brent crude rose toward $57 a barrel on Wednesday, rebounding after hitting a one-month low as a surprise drop in U.S. oil stocks overshadowed a rally in the dollar and global oversupply.
Brent for April delivery hit a one-month low of $55.92 a barrel before recovering to trade up 12 cents at $56.51 a barrel by 10:23 a.m. EDT (1423 GMT). It dropped $2.14, or 3.66 percent, in the previous session.
West Texas Intermediate for April delivery fell 20 cents to $48.09 a barrel, after falling $1.71, or 3.42 percent, on Tuesday.
Read More Did lower oil prices help the economy at all?
Oil earlier took some support from American Petroleum Institute data that reported surprise drop in crude stocks in the world's largest oil consumer last week, with a 404,000-barrel fall late on Tuesday. Analysts had expected a 4.4 million-barrel build.
Despite the draw, crude stocks rose by 2.2 million barrels at the Cushing, Oklahoma delivery point of the WTI contract, the API said, keeping price gains in check. Traders are now awaiting official data from the U.S. Energy Information Administration at 1430 GMT on Wednesday.
Brent for April delivery hit a one-month low of $55.92 a barrel before recovering to trade up 12 cents at $56.51 a barrel by 10:23 a.m. EDT (1423 GMT). It dropped $2.14, or 3.66 percent, in the previous session.
West Texas Intermediate for April delivery fell 20 cents to $48.09 a barrel, after falling $1.71, or 3.42 percent, on Tuesday.
Read More Did lower oil prices help the economy at all?
Oil earlier took some support from American Petroleum Institute data that reported surprise drop in crude stocks in the world's largest oil consumer last week, with a 404,000-barrel fall late on Tuesday. Analysts had expected a 4.4 million-barrel build.
Despite the draw, crude stocks rose by 2.2 million barrels at the Cushing, Oklahoma delivery point of the WTI contract, the API said, keeping price gains in check. Traders are now awaiting official data from the U.S. Energy Information Administration at 1430 GMT on Wednesday.
US crude inventories rise by 4.5M barrels
Categories: US crude inventories rise by 4.5M barrels
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire