Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $87.35 so far on Wednesday. A surge in oil prices is bolstered by the
WTI prices climbs to $87.35 amid the geopolitical tension in the Middle East. An escalating tension between Israel-Hamas might trigger the fear of potential oil supply disruptions. Chinese growth numbers came in better than expected. US crude oil inventories fell nearly 4.383M barrels last week vs. 12.93M barrels rise prior. escalating tension in the Middle East after hundreds were killed in a blast at a Gaza hospital, which triggered the fear of potential oil supply disruptions.
The stronger Chinese growth figures boost WTI prices as China is the world’s major energy consumer. Apart from this, the American Petroleum Institute reported on Tuesday that US crude oil inventories fell nearly 4.383M barrels for the week ending October 13 from the previous reading of 12.93M barrels rise. That was significantly steeper than the 300K barrel decline estimated by analysts. Looking ahead, oil traders will monitor the weekly EIA Crude Oil stockpiles report due on Wednesday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WTI hovers near $86.00 as traders seek more cues on Middle-East conflictWestern Texas Intermediate (WTI) oil price pulls back from the recent gains, trading lower around $86.00 per barrel during the European session on Mon
Weiterlesen »
WTI pulls back amid possible US-Venezuela Oil deal amid Middle East tensionsWest Texas Intermediate (WTI), the US Crude Oil benchmark, retreats after testing the 20-day Exponential Moving Average (EMA) on news the US and Venez
Weiterlesen »
WTI loses ground below $85.00, expects US-Venezuela Oil deal amid Middle East conflictThe Western Texas Intermediate (WTI) oil price experiences a consecutive decline on the second day, trading lower around $85.10 per barrel during the
Weiterlesen »
Futures up ahead of earnings and data, Middle East tensions weighFutures up ahead of earnings and data, Middle East tensions weigh
Weiterlesen »
Stock Market Today: Stocks steady, oil slips as markets eye middle east tensionsInvestors are looking ahead cautiously to a busy week on Wall Street as tension in the middle east escalate and inflation concerns continue to clip sentiment.
Weiterlesen »
President Joe Biden postpones his scheduled trip to Colorado as Middle East conflict widensPresident Joe Biden postpones his scheduled trip to Colorado as Middle East conflict widens
Weiterlesen »