[New York Oil Price]Rebound After Previous Day’s Sharp Drop vs. Surge in US Crude Inventories—WTI Up 0.3%
WTI crude rebounded 0.3% after a sharp drop, but gains were capped as US crude inventories surged by over 6.4 million barrels, far exceeding expectations.
[New York Oil Price]WTI Drops 1.6% Below $60 on Canadian Output Concerns and Surging US Inventories
WTI crude futures fell 1.6% to close below $60 per barrel for the first time since October, as prospects of increased Canadian output and a sharp rise in US crude inventories weighed on prices.
WTI crude prices fell for a second day as US crude inventories posted an unexpected surge and OPEC+ signaled faster output increases, intensifying downward pressure on oil markets.
#YonhapInfomax #WTICrude #OPECPlus #CrudeInventories #OilPrices #EIAData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=80287
[New York Oil Prices] US Crude Inventories Unexpectedly Surge—WTI Down 0.8%
WTI crude prices fell for a second day as US crude inventories posted an unexpected surge and OPEC+ signaled faster output increases, intensifying downward pressure on oil markets.
Oil prices closed nearly flat as optimism over a potential US-EU trade deal offset earlier losses, with WTI ending down 0.1% and EIA data showing a larger-than-expected US crude inventory draw.
#YonhapInfomax #WTI #BrentCrude #USEUTradeDeal #CrudeInventories #EIAData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=73452
[New York Oil Price]Oil Ends Slightly Lower on Prospects of US-EU Trade Deal; WTI Down 0.1%
Oil prices closed nearly flat as optimism over a potential US-EU trade deal offset earlier losses, with WTI ending down 0.1% and EIA data showing a larger-than-expected US crude inventory draw.
Yonhap Infomax News