Oil Trims Weekly Gain as Delta Lingers Over Market rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Jul 29 2021, 9:33 AM
July 29 2021, 5:17 AM
July 29 2021, 9:33 AM
(Bloomberg) Oil extended gains from a two-week high after U.S. crude and fuel stockpiles posted strong declines, signaling peak summer demand remains robust despite a resurgence of Covid-19.
(Bloomberg) Oil extended gains from a two-week high after U.S. crude and fuel stockpiles posted strong declines, signaling peak summer demand remains robust despite a resurgence of Covid-19.
Futures in New York rose toward $73 a barrel after climbing 1% on Wednesday. Crude inventories dropped more than expected last week to the lowest level since January 2020, while supplies of distillates a category that includes diesel slid the most since April, according to a government report.
Oil Up from 2-Week High as USA Stockpiles Decline rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Jul 28 2021, 8:11 AM
July 28 2021, 5:13 AM
July 28 2021, 8:11 AM
(Bloomberg) Oil resumed gains after an industry report pointed to a decline in U.S. fuel and crude stockpiles, adding to signs of a tightening market.
(Bloomberg) Oil resumed gains after an industry report pointed to a decline in U.S. fuel and crude stockpiles, adding to signs of a tightening market.
Futures in New York rose 0.7% to trade above $72 a barrel after slipping for a second session on Tuesday. The American Petroleum Institute reported gasoline inventories slid by 6.23 million barrels last week, according to people familiar with the figures. That would be the biggest draw in motor fuel stockpiles since March if confirmed by government data later Wednesday.
Oil Up as Report Points to Shrinking USA Stockpiles rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.