Fetching News Details

Surge in US stockpiles
July 24, 2018
Source: Platts

Surge in US stockpiles

As the focus of investors shifted towards oversupply concerns, crude oil futures declined during mid-morning trade in Asia. Economists are raising concerns about oversupply risk stating that geopolitical risks are traditionally short-lived. Data from EIA shows a hike of 5.84 million-barrel in US crude stocks. Investors are worried that this increase in stockpiles might become a trend and so they are looking for fresh data from EIA this week.

   Read More About : Crude Oil EIA Oil Prices Russia US
⬅ all news

Please Login to Save News for Later