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Oil falls on expectations of rising US stocks

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rocky
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Oil falls on expectations of rising US stocks

Post by rocky on Wed 16 May 2018, 4:36 am

Oil falls on expectations of rising US stocks

Follow - up / ... Oil prices fell in early trading session Wednesday, amid expectations of rising US inventories last week.
US crude oil inventories rose last week by 4.85 million barrels to 435.57 million barrels in the week ended May 11, the US Petroleum Institute said on Tuesday.
The US Energy Information Administration (EIA) is expected to release official data on US crude inventories later in the day.
Brent crude for July delivery fell 0.22 percent, or 17 cents, to $ 78.26 a barrel by 0458 GMT.
US crude futures for delivery in June fell 0.29 percent, or 21 cents, to $ 71.1 a barrel.
Oil has received strong support in recent sessions on concerns that US sanctions on Iran would restrict crude exports from one of its biggest producers in the Middle East. Finished


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    Current date/time is Sat 22 Sep 2018, 4:15 am