Fallen crude oil futures on Thursday, with traders selling goods sells to reap gains after rising on Wednesday, which led to high prices to the highest level in three months.
On the New York Mercantile Exchange, crude oil was trading, crude 93.20 September in dollars per barrel during European morning trading, down by 0.16%.
Crude oil turned higher on Wednesday after a weekly inventory report from the US Energy Department showed a bigger than expected reduction of crude and petroleum products.
And the u.s. Energy Information Administration said that US stocks of crude oil fell by 3.7 million barrels in the week ending August 3, more-than-expected decline in 0.26 million barrels.
The Administration said that gasoline stocks fell by total 1.8 million barrels, while distillate stocks, which include heating oil and diesel fuel, fell by 0.7 million barrels.
According to the American Petroleum Institute, an industry group, United States crude oil stocks declined by 5350000 barrels last week, much more than the expected decrease of 0.26 million barrels.
The market remained supported by enhanced baalamal that the ECB will reduce the height of the Spanish and Italian borrowing costs next month.
At the same time, he supported the continued concerns about instability in the Middle East and fears of interrupted supplies from the North Sea oil prices.
The London-based Futures Exchange, Brent oil futures for September delivery increased by 0.25% to trade at $ 109.84 a barrel, where a difference between Brent crude contracts and when 18.65. $ Per barrel
0 التعليقات:
إرسال تعليق