Oil prices are back down after yesterday’s gains

0
85


money and business

Oil prices are back down after yesterday's gains

Reuters

Oil prices are back down after yesterday’s gains

Oil prices returned to decline on Wednesday after gains made yesterday, and the decline came today in light of data from the American Petroleum Institute, which showed high crude stocks in the United States during the past week.

read more

By 07:53 Moscow time, Brent crude futures fell 1.43% to $ 29.55 a barrel.

Meanwhile, US light crude futures fell 0.58% to $ 25.63 a barrel.

The institute said yesterday that oil stocks in the United States rose last week by 7.58 million barrels of crude, which exceeds the expectations of analysts who pointed to an increase of 5 million barrels.

These data are preliminary, and later today, the official data will be released from the US Department of Energy.

The decline in black gold prices today came after gains in prices yesterday, as US crude ended trading higher by 6.8%, while the “Brent” mix rose by 1.2%.

Source: “Novosti”





LEAVE A REPLY

Please enter your comment!
Please enter your name here