Post Tagged with: "US inventories rise"

Source: Reuters

Oil falls below $41 as U.S. inventory rise revives glut worries

Reuters

LONDON  – Oil fell more than 1% to below $41 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand because of the coronavirus crisis.…

June 10, 2020 - 9:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil falls towards $25 as oversupply fears mount with U.S. inventory rise

Reuters

LONDON – Oil fell towards $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories and a widening rift within OPEC heightened oversupply concerns.

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April 1, 2020 - 10:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P)
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