- Analytics
- News and Tools
- Market News
- Oil prices advanced
Oil prices advanced
West Texas Intermediate futures for October delivery climbed to $47.27 (+0.25%), while Brent crude rose to $50.09 (+0.68%) still supported by Energy Information Administration's data released yesterday. However gains are slowing as the focus returns to the Federal Reserve's two day meeting, which ends today.
Yesterday's report showed a 2.1 million barrel drop in U.S. crude inventories in the week to September 11 including a 1.9 million barrel decline at the Cushing trading hub.
Some analysts note that non-OPEC and non-U.S. supply started to decline as low prices weigh on producers. Output cuts would lead to a combined reduction of 400 million barrels per day by the end of the year, but the global glut would persist through 2016.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
