By February 14, 2018 0 Comments Read More →

Oil Edges Lower on Bets for Sizable Increase in U.S. Crude Supplies

Crude prices ticked lower on Wednesday, amid speculation weekly supply data due later in the day will show a big buildup in U.S. oil and fuel supplies.

The U.S. Energy Information Administration will release its official weekly oil supplies report for the week ended Feb. 9 at 10:30AM ET (1530GMT).

After markets closed Tuesday, the American Petroleum Institute said that U.S. oil inventories rose by 3.94 million barrels last week, compared with analysts’ expectations for a gain of 2.82 million barrels…

Click Here For Remainder of Article 

Posted in: Daily News

About the Author:

Post a Comment