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Oil prices climb as geopolitical tensions outweigh US inventories

The Star LogoThe Star2d ago

Oil prices climb as geopolitical tensions outweigh US inventories - The Star

Quick Summary:

SINGAPORE: Oil prices climbed on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a bigger-than-expected increase in U.S.crude inventories.

Global oil demand is estimated to have reached 103.6 million barrels per day (bpd) during the first 19 days of November, up 1.7 million bpd on-year, the analysts said in a note.

Kyiv says that in order to defend itself it must be able to strike Russian rear bases used to support Moscow's invasion, which entered its 1,000th day this week.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 16:26:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 23733670

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 14 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 11 hours ago

Coverage Areas: Malaysia

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: #22

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The story "Oil prices climb as geopolitical tensions outweigh US inventories" was covered 2 days ago by The Star, a news publisher based in Malaysia.

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The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.

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It's most recent story was published 11 hours ago.

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  • URL: https://beamstart.com/news/oil-prices-climb-as-geopolitical-17321788951875

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