Oil prices skidded on Thursday, declining for the first time in six days, after ...
TOKYO - Oil prices skidded on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and Sino-U.S. talks ended without apparent progress towards resolving a bitter trade dispute.
The drops came despite a bigger-than-expected decline in inventories in the U.S. and a drop in crude production among OPEC members, along with Libya cutting exports, typically bullish drivers for the market. But U.S. output rose in a market that remains well supplied. “There’s a lot of oil out there. U.S. output is growing strongly and in addition to that there is enough spare capacity in Saudi Arabia alone to offset any significant supply disruptions.”
U.S. crude oil stockpiles fell for the seventh straight week, declining to their lowest levels since November even as production rebounded and net imports increased, the Energy Information Administration said on Wednesday.
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.
Oil prices rise amid expectations that U.S. Fed will cut ratesOil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve...
Lire la suite »
Oil drops as Fed signals rate cuts may be limitedOil prices fell more than $1 on Thursday, declining for the first time in six da...
Lire la suite »
Enterprise Products in deal with Chevron to develop crude oil portPipeline operator Enterprise Products Partners LP signed long-term agreements wi...
Lire la suite »
BP profit again outstrips forecasts, lifted by higher oil outputA strong rise in oil and gas production helped BP offset weaker crude prices and...
Lire la suite »
BP profits beat expectations as oil and gas production risesBP's second quarter profits easily beat expectations as a strong increase i...
Lire la suite »
Fustany Tried It: The Body Shop's Almond Oil, a Fast Fix for Dry NailsRead this review of The Body Shop Almond Oil for nails and find out what I liked and what I didn't like about it.
Lire la suite »