Oil prices nudged higher on Wednesday as traders sat tight awaiting publication of energy inventory data in the United States set to highlight weak demand in the world\'s biggest economy and oil consumer. New York\'s main contract, West Texas Intermediate (WTI) for delivery in November, rose seven cents to $84.52 a barrel. Brent North Sea crude for November climbed four cents to $107.18. Prices had surged by more than four dollars in New York on Tuesday, mirroring huge gains on world equity markets, as investors hoped that European governments would contain the eurozone debt crisis, in turn helping support demand for oil. The oil market was looking ahead to data due from the US Department of Energy at 1430 GMT. Analysts polled by Dow Jones Newswires expect the DoE to announce that energy stockpiles rose sharply last week due to weak demand.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrelMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor