Oil little changed after report of rising US crude inventories

Quick Summary:

Oil prices were little changed on Thursday after rising to a near one-week high in the previous session, as an industry report showing a buildup in U.S.crude stockpiles weighed on sentiment.

Brent futures were up 20 cents at $76.24 a barrel by 0600 GMT.U.S.

However, other factors and potential boosts to oil supply added to concerns about prices.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceIraqKazakhstanTurkeyUkraine

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

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: 500 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26290399

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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

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Publisher ID: #27

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