Wednesday, June 20, 2018 4:53:17 PM - Markets open
VN-INDEX 980.95 +18.79/+1.95%
HNX-INDEX 112.11 +1.53/+1.38%
UPCOM-INDEX 52.02 +0.34/+0.66%
Oil prices claw back ground after sharp drop, buoyed by U.S. crude stock dip
Source: Reuters - 4/20/2017 9:06:59 AM
 (0 ratings. You must sign in to rate.)
Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a push to rein in global oversupply could be gathering at least some momentum.

Brent crude futures were at $53.31 per barrel at 0108 GMT, up 38 cents, or 0.72 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures had risen 31 cents, or 0.61 percent, to $50.75 a barrel.

Traders said that the gains came on the back of a reduction in commercial U.S. crude stocks, which fell by 1 million barrels last week to 532.34 million barrels, according to the U.S. Energy Information Administration (EIA). However, that level was still near a record high.

Price increases came after both crude benchmarks fell over 3.5 percent the previous day following a report of surging gasoline inventories as well as another rise in U.S. crude oil production to 9.25 million barrels per day (bpd), up almost 10 percent since mid-2016.

U.S. gasoline stocks posted a counter-seasonal build of 1.5 million barrels, despite heavier refining activity.

"The U.S. has now entered a seasonal period in which stockpiles are reduced during the summer driving season, hence the unexpected miss weighed heavily on prices," James Wood, investment analyst with Rivkin Securities, said in a note.

Newer News
15/06 Japan enacts law to ratify CPTPP
06/06 Trump-Kim summit venue named – Singapore’s Capella Hotel Read more at http://vietnamnews.vn/world/449380/trump-kim-summit-venue-named-%E2%80%93-singapores-capella-hotel.html#JM7DLJhq86CX2xrt.99
17/04 Trump says US could rejoin TPP if deal improved. How hard would it be?
31/03 Thailand wants to join CPTPP this year: Deputy PM
30/03 CPTPP likely to launch early 2019
22/03 Dollar lower, stock markets 'tepid' before Fed
09/01 DOC launches sunset review of anti-dumping measure on Việt Nam wind towers
03/01 Britain interested in joining Trans-Pacific trade deal after Brexit: FT
28/12 Oil prices close at 2.5-year peak
14/12 China raises market rates to fend off financial risks, growth cools
Older News
20/04 Asian stocks set for cautious start on weak U.S. cues
19/04 Dollar kicked by ascendant sterling after May calls UK vote
19/04 Sterling on a high; shares sidelined as caution rules
18/04 Dollar/yen off five-month low but U.S.-Japan trade issues limit rise
18/04 Oil prices mixed after U.S. production seen rising
18/04 Asia stocks slip amid North Korea concerns, dollar up on Mnuchin comments
14/04 Asian shares, Korean won head south on geopolitical worries
13/04 Dollar slumps broadly after Trump says currency 'getting too strong'
13/04 OPEC sees rivals' oil output rising as it over-delivers on cuts
13/04 Trump comments, North Korea fears sink dollar, bond yields, stocks choppy
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:09:31 PM
VN-INDEX 980.95 +18.79/+1.95%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.