Trending Articles- A Crash After a Surge: Why Silver Lost 40% in a Week?
- Bitcoin Reclaims $70,000. Cathie Wood Claims Near Potential Bottom, Will This Time Be Different?
- Gold Price Forecast: XAU/USD falls below $5,050 as traders await US jobs data
- Gold climbs to $5,050 as Fed-driven USD weakness offsets positive risk tone ahead of US NFP
- Is the Crypto Rally Dead? Why Bernstein Still Predicts a $150K Bitcoin Peak Despite Waller’s Warnings
- Should You Buy Bitcoin Now or Buy Tesla Which Holds Bitcoin?
Investing.com -- U.S. crude oil futures inched off lows post-settlement trading Wednesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stocks.
Crude Oil WTI Futures, the U.S. benchmark, traded at $69.30 a barrel following the report after settling down 1.6%% at $69.20 a barrel.
U.S. crude inventories decreased by about 7.4M barrels for the week ended Aug. 30, compared with a decline of 3.4M barrels reported by the API for the previous week. Economists were expecting a decline of just 900,000 barrels.
Gasoline stockpiles fell by about 300,000 barrels, while distillate inventories -- the class of fuels that includes diesel and heating oil -- fell by 400,000 barrels.
The official government inventory report is due Thursday at 10:30 a.m. EST (1530 GMT).
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
