LevelMagazine – CA – Oil futures stay higher after MSRP data shows decline in crude oil inventories

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Oil futures stayed higher on Wednesday after Energy Information Administration data showed U.. S.. . Crude oil stocks went up around 800 in the week leading up to November. 000 barrels back. 20th. West Texas Intermediate Crude for delivery in January
CL. 1,
0. 73%
rose 44 cents, or 1%, to $ 45. 35 a barrel on the New York Mercantile Exchange. Analysts polled by S&P Global Platts had been looking for a 1 decline in crude oil inventories. 3 million barrels, but data from the American Petroleum Institute, an industrial trading group, late Tuesday had shown an increase in inventories.

U. . S.. . The financial markets close on Thanksgiving Thursday and close early on Black Friday. Despite a pandemic and volatility this year, investors may not have to look too long for reasons to be thankful.

William Watts is MarketWatch’s lead market writer. New York-based Watts writes on stocks, bonds, currencies and commodities, including oil. He also writes on global macro problems and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D. . C.. .

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Petroleum, Energy Information Management, Futures

EbeneMagazine – CA – Oil futures stay higher after MSRP data shows crude stocks decline
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> Oil futures remain higher after MSRP data show a decrease in crude oil inventories
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Ref: https://www.marketwatch.com

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