- Analytics
- News and Tools
- Market News
- Oil prices declined
Oil prices declined
West Texas Intermediate futures for November delivery fell to $46.23 (-0.28%), while Brent crude declined to $48.90 (-0.37%) as weak data on China's manufacturing intensified concerns over demand from the second-biggest oil consumer. A preliminary report from Markit Economics and Caixin Media showed on Wednesday that China's manufacturing sector had fallen to a six-and-a-half-year low of 47.0 in September. Economists had expected a 47.5 reading after 47.3 reported previously. A reading below 50 suggests contraction.
Late Tuesday, the American Petroleum Institute reported that U.S. crude-oil inventories fell 3.7 million barrels for the week ended September 18. This report temporarily boosted prices. The Energy Information Administration data will be released later today.
Thirteen analysts surveyed by the Wall Street Journal expect U.S. oil stocks to have fallen by 100,000 barrels, on average, in the same week.
© 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
