1 Day
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
US oil stock drop less than predicted
The U.S. oil inventories registered a smaller-than-expected decline for the week ending September 11, decreasing by 640,000 barrels to reach 423.4 million barrels, compared to analysts’ forecasts of a decline of 1.6 million barrels. Conversely, the data surprised with a significant increase in fuel and refined product inventories, as gasoline stocks rose by 794,000 barrels to 207.7 million barrels, and distillate inventories increased by 1.6 million barrels to 107.9 million barrels, both surpassing expectations by a large margin. This put pressure on oil prices, with West Texas Intermediate crude dropping over 3% to trade near $102.6 per barrel, despite American inventories remaining below flexible levels.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)