Sunday, July 27, 2025
Oil falls as Fed rate hike raises fuel demand concerns- oil and gas 360

Oil falls as Fed rate hike raises fuel demand concerns

Yahoo Finance NEW YORK – Oil slid about 1% on Thursday as an increase in U.S. interest rates pushed up the dollar and heightened fears of a global recession that would crimp fuel demand.   Losses, however, were limited by concern over tight supply. Brent futures fell 90 cents, or 0.9%, to $95.26 a barrel by 11:37 a.m. EDT (1537

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 107 Bcf

Natural Gas Inventories as of October 28, 2022 The EIA has released its natural gas inventory report, showing a net increase of 107 Bcf as of October 28, 2022. Working gas in storage was 3,501 Bcf as of Friday, October 28, 2022, according to EIA estimates. This represents a net increase of 107 Bcf from the previous week. Stocks were