NEW YORK: Oil prices climbed about 2% to a two-week high on Wednesday (Oct 18) on a bigger-than-expected US storage draw and concerns about global sup...
Supplies declined 800,000 barrels at the Cushing storage facility in Oklahoma to the lowest since October 2014. – AFPpicOil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected US storage draw and concerns about global supplies after Iran called for an oil embargo on Israel over the conflict in Gaza.
That was much higher than the 300,000-barrel draw analysts forecast in a Reuters poll. On Tuesday, the American Petroleum Institute industry group reported a 4.4 million-barrel drop. “The biggest concern in this report is Cushing, Oklahoma ... we’re drawing that down to dangerously low levels that should be supportive for the entire complex,” said Phil Flynn, an analyst at Price Futures Group.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Oil prices edge higher ahead of Biden Middle East tripNEW YORK: Oil prices edged higher on Tuesday (Oct 17) as investors wait to see if US diplomatic efforts and a trip by President Joe Biden to Israel wi...
Leggi di più »
Wall Street ends up on earnings optimism, eyes remain on Middle EastNEW YORK: Major US stock indices ended sharply higher on Monday (Oct 16) as investors were optimistic about the start of earnings season, while transp...
Leggi di più »
Putin pushes need for talks in calls with Middle EastVladimir Putin says he wants to help prevent a humanitarian disaster in Gaza.
Leggi di più »
Tengku Zafrul: Malaysia monitoring Middle East conflict, little impact on trade for nowPosing as a 16-year-old, a man befriended a 12-year-old girl on Instagram, and subsequently persuaded her to meet him on four occasions, where he engaged in sexual acts with her.
Leggi di più »
— The UN Security Council yesterday rejected a Russian resolution condemning spiralling violence in the Middle EastNEW YORK, Oct 17 — The UN Security Council yesterday rejected a Russian resolution condemning spiralling violence in the Middle East, with delegates refusing to back a motion...
Leggi di più »
Most Asian markets rise as Biden prepares for Middle East tripThe drive to avert a broader regional conflict also resulted in a decline in oil prices.
Leggi di più »