Oil nears $70 buoyed by summer season demand outlook & US inventories drop

Posted By . Under Economy  Tags: , , , , , ,   
The value of crude continued to rise for a 3rd day on Wednesday amid stories of a pointy drop in US stockpiles and expectations of a summer season surge in gas demand. ...

International crude costs rise on falling inventories & weakening US greenback

Posted By . Under RUSSIA  Tags: , , , , , , ,   
Oil costs reached one-month highs on Tuesday because the greenback fell, making commodities priced within the US forex extra enticing, permitting buyers to pay much less for dollar-denominated oil utilizing different currencies. ...

Oil costs rally amid falling inventories & hopes of demand restoration

Posted By . Under RUSSIA  Tags: , , , , , , ,   
Costs of key international oil benchmarks Brent and US West Texas Intermediate (WTI) have surged on Wednesday following optimistic information on crude inventories. ...

Oil inventories close to breaking level as American Petroleum Institute stories 13 million barrel construct

Posted By . Under Economy  Tags: , , , , , , , , , ,   
The American Petroleum Institute (API) estimated on Tuesday one other giant crude oil stock construct of 13.226 million barrels for the week ending April 17. ...