Oil eases after report of rising US crude inventories

Quick Summary:

Oil prices edged lower on Thursday after an industry report showing a build in U.S.crude stockpiles weighed on sentiment, falling back from gains made in the previous session on worries over supply disruptions in Russia.

Brent futures were down 17 cents at $75.87 a barrel by 0600 GMT.U.S.

A 30 per cent cut would equate to the loss of 380,000 barrels per day of market supply, Reuters calculations show.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeFranceIraqKazakhstanTurkeyUkraine

Topics: Crude Barrels Global Cent Supply Analysts Market Thursday Cents Prices Added

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 10:45:11 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26289464

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 36 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions