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Oil falls ahead of US inventory data
2018/05/31 9:56
(Encyclopedia of this Day News | Iraq News ) - Direct: Oil prices fell during trading on Thursday, with expectations of rising US inventories and ahead of final data related thereto, following the gains reaped crude in yesterday 's session.
By 6:15 am GMT, the benchmark Brent crude for July delivery fell 0.1 percent to $ 77.40 a barrel.
The price of NYMEX crude futures fell $ 68.06 a barrel by 0.2%.
Oil hit its first high in six sessions yesterday, backed by press reports that OPEC and its members wanted to stick to the cut-off agreement by the end of the year, and to prepare for gradual adjustments to compensate for shortages when needed.
The Energy Information Administration is scheduled to announce later today US preliminary inventory data.
This comes after the American Petroleum Institute announced yesterday that inventories rose by one million barrels in the week ending May 25 to 434.9 million barrels.
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https://hathalyoum.net/articles/1567676-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%8A%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D9%82%D8%A8%D9%8A%D9%84-%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AE%D8%B2%D9%88%D9%86%D8%A7%D8%AA-
By 6:15 am GMT, the benchmark Brent crude for July delivery fell 0.1 percent to $ 77.40 a barrel.
The price of NYMEX crude futures fell $ 68.06 a barrel by 0.2%.
Oil hit its first high in six sessions yesterday, backed by press reports that OPEC and its members wanted to stick to the cut-off agreement by the end of the year, and to prepare for gradual adjustments to compensate for shortages when needed.
The Energy Information Administration is scheduled to announce later today US preliminary inventory data.
This comes after the American Petroleum Institute announced yesterday that inventories rose by one million barrels in the week ending May 25 to 434.9 million barrels.
Note: The content titled (Oil Retreating Before US Stocks Data) is published first on a live site and the encyclopedia of this news day is not guaranteed in any way.
You can see the details of this title (oil drops before US inventory data) through its original source any site (live site).
https://hathalyoum.net/articles/1567676-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%8A%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D9%82%D8%A8%D9%8A%D9%84-%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AE%D8%B2%D9%88%D9%86%D8%A7%D8%AA-
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