Crude-oil futures ended Wednesday at an eight-month low after OPEC reduced its expectations for demand of its own oil.
A stronger dollar also helped keep prices under pressure, while the weekly U.S. supply report showed crude inventories falling as much as expected.
Crude for delivery in October CLV4, +0.14% retreated $1.08, or 1.2%, to settle at $91.67 a barrel on the New York Mercantile Exchange. That was the lowest settlement since Jan. 9.
October Brent crude LCOV4, +0.05% was off $1.12, or 1.1%, to $98.04 a barrel, settling at its lowest level since April 2013.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
A stronger dollar also helped keep prices under pressure, while the weekly U.S. supply report showed crude inventories falling as much as expected.
Crude for delivery in October CLV4, +0.14% retreated $1.08, or 1.2%, to settle at $91.67 a barrel on the New York Mercantile Exchange. That was the lowest settlement since Jan. 9.
October Brent crude LCOV4, +0.05% was off $1.12, or 1.1%, to $98.04 a barrel, settling at its lowest level since April 2013.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment