Oil prices steady on shrinking US crude inventories

Quick Summary:

Oil prices stabilised on Wednesday on industry data showing a surprise drop in U.S.crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East.

Brent crude futures gained 21 cents, or 0.3 per cent, to $71.33 a barrel by 0002 GMT.U.S.

A tug boat pushes an oil barge through New York Harbor past the Statue of Liberty in New York City, U.S., May 24, 2022.

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Category: EconomyBusiness

Markets: SingaporeIsraelLebanon

Topics: Inventories Stocks Prices Wednesday Fell Cent Sources York Barrels Crude Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 08:26:40 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 325 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23333601

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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Publisher ID: #27

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