Crude Oil Futures Up In Early Asian Trade After Big Losses

Crude prices rose on Thursday in early Asian trading after big losses in the previous session spurred by mounting concerns that the global glut in oil is not going away soon after the latest bearish data out of the United States.

 

 Brent crude was up 37 cents at USD 46.63 a barrel at 0032 GMT. On Wednesday, it fell USD 2.21, or 4.6 %, to USD 46.26 a barrel.

 

 US crude rose 43 cents to USD 45.18 a barrel. The contract fell USD 2.05, or 4.4 %, to close at USD 44.75 in the previous session.

 

Crude stockpiles in the United States were down less than expected last week, while distillate inventories rose the most since January and gasoline stocks unexpectedly increased, the Energy Information Administration (EIA) said on Wednesday.

 

For More Information Stock advisory company indore,stock market news,Mcx market tips,Best stock advisory company in indore,Stock Option Tips, F&O Tips,Nifty Option Tips,Bullion tips And call us :-9827808090.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.