Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

MTECHTIPS:-NYMEX crude falls in Asia as API build more than expected

Wednesday, November 16, 2016 7:13
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

MTECHTIPS:-NYMEX crude falls in Asia as API build more than expected

 

MTECHTIPS-Crude oil prices fell in Asia on Wednesday as U.S. industry estimates showed another solid build in inventories. Crude oil for December delivery on the New York Mercantile Exchange fell 0.13% to $45.73 a barrel. The American Petroleum Institute (API) said Tuesday crude oil inventories rose 3.65 million barrels last week, building on an increase of 4.4 million barrels the previous week and rose more than expected. Gasoline inventories recorded a slight draw of 160,000 barrels in the week while there was an increase in distillate inventories of 3.0 million barrels, the first gain in six weeks. Cushing recorded a build of 1.13 million barrels after a slight increase the previous week. Official data from the Energy Information Administration will be released Wednesday. Overnight, oil prices were higher during North America trading on Tuesday, extending overnight gains as market participants continued to weigh prospects of a coordinated production cut among major global oil producers. Elsewhere, Brent oil for January delivery on the ICE Futures Exchange in London was last quoted at 46.96 a barrel. Bloomberg reported that several OPEC members were engaged in a last-minute push to overcome divisions between the cartel’s biggest producers.

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.