Reklam
Reklam
Reklam
Reklam
Reklam

Oil retreats after biggest jump in five weeks as stockpiles rise

OIL prices declined after the biggest spurt in five weeks as an industry report showed American crude stockpiles expanded, reported Bloomberg

Oil retreats after biggest jump in five weeks as stockpiles rise

OIL prices declined after the biggest spurt in five weeks as an industry report showed American crude stockpiles expanded, reported Bloomberg

16 August 2019 - 19:00

OIL prices declined after the biggest spurt in five weeks as an industry report showed American crude stockpiles expanded, reported Bloomberg.

Futures lost as much as 1.5 per cent in New York after the American Petroleum Institute was said to report that crude inventories rose by 3.7 million barrels last week.



A Bloomberg survey predicts a draw in stockpiles. Oil surged four per cent after the US postponed tariffs on some Chinese goods, offering a glimmer of hope for global demand.


WORLD SHIPPING

This news 126 hits received.