Oil prices struggle for direction as U.S. crude supplies fall and product stocks rise

Date:

Share post:




Oil futures struggled for direction on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.



Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

‘Trump trades’ like the dollar and bitcoin are stalling, while Chinese stocks are racing ahead

President Trump has been back in the White House for less than a month. Yet many of...

Wall Street buys into Newmark Group’s AI data-center prospects as stock rallies

Newmark Group’s stock on Friday notched its biggest one-day gain in more than a year, with investors...

Airbnb shares are rallying, and its CEO thinks it can be a one-stop travel shop ‘similar to Amazon’

Airbnb Inc. on Thursday forecast first-quarter sales that came up a bit shy of Wall Street’s expectations,...

These 18 states could spend $23 billion on bitcoin if they pass bills to establish crypto reserves

If all 20 bills introduced in 18 states to establish state-level bitcoin reserves are enacted, it could...

DraftKings rallies on upbeat full-year sales outlook, which doesn’t include this big event

Shares of DraftKings Inc. rose after hours Thursday after the sports-betting platform offered a more optimistic sales...

West Pharma’s stock tanks 33% to lead S&P 500 decliners as guidance misses by a wide margin

West Pharmaceutical Services Inc.’s stock tumbled 33% Thursday, to lead S&P 500 decliners, after the manufacturer of...

Dutch Bros shares rocket higher after earnings amid plans to expand mobile orders, food service

Shares of Dutch Bros Inc. rocketed higher in extended trading Wednesday after the coffee chain put out...

Rich retirees win if Trump ends taxes on Social Security benefits — but there are plenty of losers

Well-off retirees stand to gain thousands of dollars in tax savings every year if President Donald Trump...