Oil prices rise as crude, gasoline inventories ease

Quick Summary:

:Oil prices gained on Thursday as crude stocks fell after U.S.refineries ramped up processing and as gasoline inventories eased, signalling stronger demand.

West Texas Intermediate (WTI) crude rose 60 cents, or 0.

Brent futures rose 62 cents, or 0.73 per cent to $85.70 a barrel by 0620 GMT.U.S.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Demand Prices Cent Crude Barrels Fell Million Nakhodka Rate Inventories Week

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 08:39:41 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21572153

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 5 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 30 minutes ago

Coverage Areas: Singapore

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News Language: English

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Publisher ID: #27

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