 Home > Chemicals Industry > Chemical Technology > The market expected that the increase in US inventories led to a decline in oil prices

The market expected that the increase in US inventories led to a decline in oil prices

 Last Update: 2022-11-26
 Source: Internet
 Author: User

Tags

oil

1 16 tubing

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Oil prices fell on Tuesday amid expectations of an increase in U.
S
.
inventories, Reuters reported on October 16.

As of 0654 GMT, the price of international benchmark Brent crude for December delivery fell 6 cents, or 0.
07 percent, to $80.
72 a barrel
.

U.
S
.
West Texas Intermediate crude for November delivery fell 14 cents to $71.
64 a barrel.

U.
S.
crude inventories were expected to rise for the fourth straight week last week, adding about 1.
1 million barrels
, according to Reuters surveys prior to reports from the American Petroleum Institute (API) and the U.
S.
Department of Energy's Energy Information Bureau (EIA).

U.
S.
exports fell sharply in October from 2.
5 million barrels in April
, data showed.

Oil prices fell on Tuesday amid expectations of an increase in U.
S
.
inventories, Reuters reported on October 16.

petroleum

As of 0654 GMT, the price of international benchmark Brent crude for December delivery fell 6 cents, or 0.
07 percent, to $80.
72 a barrel
.

U.
S
.
West Texas Intermediate crude for November delivery fell 14 cents to $71.
64 a barrel.

U.
S.
exports fell sharply in October from 2.
5 million barrels in April
, data showed.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Polytetrahydrofuran CAS NO.25190-06-1 high purity 99% Poly(tetrahydrofuran) Chemical Raw Materials

CAS No.: 25190-06-1

Industrial Grade

$1-1.2/KG FOB

Polyvinyl Chloride CAS 9002-86-2 White PVC Powder Resin in large stock

CAS No.: 9002-86-2

Pharmacy Grade

$900/MT FOB

(methylcyclopentadienyl)tricarbonyl-manganes 99% Liquid SAA908709989 SAA

CAS No.: 12108-13-3

Industrial Grade

$6000-6700/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.