Oil prices fall as data points to huge build in U.S. stocks
SINGAPORE - Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal.
Global benchmark Brent crude oil futures LCOc1 was down by 47 cents, or 0.8%, at $58.95 a barrel by 0330 GMT. U.S. crude inventories soared by 10.5 million barrels to 432.5 million barrels in the week to Oct. 11, according to the American Petroleum Institute’s weekly report, published ahead of official government stocks data due on Thursday. “An enormous U.S.
It comes amid concerns about the global economy - and therefore oil demand - as data from the United States showed retail sales fell for the first time in seven months in September. That followed earlier data showing a moderation in job growth and services sector activity.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
How this media firm and oil giant will give your portfolio vital balance, says investment managerOur call of the day, from John Linehan, portfolio manager for T. Rowe Price’s Equity Income Fund, says if investors want to juggle all that could go right or wrong with the economy and otherwise right now, they need a balanced portfolio.
Lire la suite »
Oil prices extend losses into second session on weak China dataOil prices fell on Tuesday, after heavy losses in the previous session, as two d...
Lire la suite »
California oil facility fire prompts warnings to residentsA fire raging at an oil storage facility in the San Francisco Bay Area has prompted authorities to order the residents of two communities to shelter in place and stay inside with all windows and doors closed
Lire la suite »
U.S. 'deeply concerned' about untrackable China ships carrying Iran oil: officialsThe White House is warning Chinese shipping companies against turning off their ...
Lire la suite »
Oil prices edge higher as OPEC hints at deeper output cutsOil prices rose on Wednesday, tracking gains in equities, as investors pinned ho...
Lire la suite »
Iran said another 'state' was behind a missile attack on its oil tankerIranian Foreign Minister Mohammed Javad Zarif said 'the attack on Iran was a sophisticated, state-sponsored action.'
Lire la suite »