- Analytics
- News and Tools
- Market News
- Oil prices little changed
Oil prices little changed
West Texas Intermediate futures for January delivery climbed to $43.14 (+0.23%), while Brent crude is at $46.14 (-0.06%). Concerns over geopolitical tensions eased and investors turned their attention back to fundamentals including the persistent supply glut. The Energy Information Administration said U.S. crude stockpiles rose by 1 million barrels in the week ending November 20 versus a 1.2 million barrels increase expected by economists. The actual buildup was less than analysts had expected, but it still marked the ninth weekly gain. U.S. crude imports rose by 424,000 bpd.
A stronger-than-expected report on U.S. durable goods orders was welcomed by market participants giving WTI some advantage over Brent. Nevertheless trading is thin today due to Thanksgiving Day.
© 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
