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Oil prices end higher as US crude, fuel stocks ease

The Star LogoThe Star13h ago

Oil prices end higher as US crude, fuel stocks ease - The Star

Quick Summary:

Oil prices settled higher on Wednesday, supported by large declines in US crude and fuel stocks, but hovered close to their lowest level in six weeks due to concerns over weak global demand.

US oil refiners are expected to report sharply lower second-quarter earnings versus a year ago after a listless summer-driving season weakened refining margins, energy analysts said.

US gasoline stocks dropped by 5.6 million barrels, compared with analysts' expectations for a 400,000 draw.


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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: 2024-07-25 @ 07:55:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21766894

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 39 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 53 minutes 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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