Energy

U.S. crude inventories, coronavirus in focus

0


South Belridge Oil Field is the fourth-largest oil field in California and one of the most productive in the U.S.

David McNew | Getty Images

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere.

Brent crude futures were up by 14 cents, or 0.3%, at $43.36 a barrel by 0326 GMT, after dropping 0.4% on Tuesday.

U.S. West Texas Intermediate crude futures gained 2 cents, or 0.1%, to $41.06 a barrel, having dropped 1.4% in the previous session.

Inventories of crude oil in the U.S. dropped by 6.8 million barrels last week…



Source cnbc.com

Chain swings to a loss

Previous article

3M (MMM) Q2 2020 earnings

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Energy