U.S. oil rises after report shows drop in stockpiles

Live Quote: On

RSS

My Page | Contact Us

RSS

RSS

Company A-Z | Stock Screener | My Portfolios | Streaming Quotes | Technical Analysis

Investing Tools

Useful Links

Tuesday, May 7, 2024 12:47:54 PM - Markets open

VN-INDEX

1,244.48

+2.90/+0.23%

HNX-INDEX

231.98

-0.31/-0.13%

UPCOM-INDEX

90.97

+0.32/+0.35%

U.S. oil rises after report shows drop in stockpiles

Người đồng hành - 2/23/2017 9:16:33 AM

(0 ratings. You must sign in to rate.)

Print |

Add To Favorites |

Email |

RSS

U.S. oil futures rose nearly 1 percent on Thursday after data released by an industry group showed a surprise decline in U.S. crude stocks as imports fell, lending support to the view that a global glut is ending.

The U.S. West Texas Intermediate crude April contract CLc1 added 41 cents, or 0.8 percent, to $54.00 a barrel at 0011 GMT.

Brent crude LCOc1 was yet to trade. It ended 82 cents, or 1.5 percent, lower at $55.84 a barrel on Wednesday.

Crude inventories fell by 884,000 barrels in the week to Feb. 17 to 512.7 million, compared with analysts' expectations for an increase of 3.5 million barrels, data from industry group the American Petroleum Institute showed on Wednesday.

Crude stocks at the Cushing, Oklahoma, delivery hub were down by 1.7 million barrels and U.S. crude imports fell last week by 1.5 million barrels per day (bpd) to 7.398 million bpd, according to the API.

Refinery crude runs fell by 182,000 bpd, the data showed, while gasoline stocks dropped by 893,000 barrels, largely in line with analysts' expectations in a Reuters poll.

Official data from the U.S. Department of Energy's Energy Information Administration (EIA) is scheduled to be released at 11 a.m. EST (1600 GMT) on Thursday, a day later than normal because of a holiday Monday.

Newer News
09/12	Measures needed to help SMEs tap ASEAN market: seminar
24/08	Upstream oil businesses profit from higher rents and limited supplies
06/03	Taxing second homes must be studied carefully: experts
21/09	Central banks set to hit peak rates at faster pace
23/03	Policymakers fear high inflation and unemployment
17/03	Current global inflation a worrisome situation
26/01	ASEAN+3 economic prospects positive in 2022
30/12	Cryptocurrency continues to be attractive investment channel next year
13/08	Biden, Harris vow to 'rebuild' America post-Trump
05/01	Game-changing strategy for smart manufacturers

Older News
23/02	Dollar steadies after slipping in knee-jerk reaction to Fed minutes
23/02	Asia stocks ease, dollar steadies after Fed-led losses
22/02	U.S. oil holds near seven-week high; OPEC upbeat on output curbs
22/02	Dollar gains on hawkish Fed comments, European political risk
22/02	Asia up as Wall Street extends record rise, dollar steady
16/02	U.S. retail sales rise; inflation posts largest gain in four years
16/02	Oil reverses course and pulls back after brief rally
16/02	Asian stocks at 1-1/2 year highs on robust Wall Street; dollar retreats
15/02	Oil dips over doubts that high OPEC compliance with announced cuts will last
15/02	Apple, banks push Wall Street to all-time high

Newsletter Signup

Top Stories

	Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
	Interest rates to rise but not have major impact on stock market: economist
	Businesses concerned about rising exchange rate pressure
	Gold bar auction to be resumed after 11 years of suspension
	PM Chính requires strengthened gold market management