Oil prices rise on stronger economic outlook, U.S. stockpile draw

© Reuters. Views of Total Grandpuits oil refinery By Jessica Jaganathan SINGAPORE (Reuters) – Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell. But optimism about talks between the United […]

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Oil Up Again as US Reports Crude Draw vs Gasoline Build

© Reuters. Investing.com – Crude prices rose for an eight day in a row on Wednesday as the U.S. government reported another weekly drop in stockpiles that bucked market expectations — though gasoline inventories ballooned again, exhibiting the one weak link in the oil complex. New York-traded , the key indicator for U.S. crude, settled […]

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Oil Prices up Again on U.S. Crude Draw, Despite Huge Fuel Builds

© Reuters. By Barani Krishnan Investing.com — Oil prices extended their rally on Wednesday after the U.S. government reported an outsized weekly drop in crude stocks that seemed to reflect a heavy year-end destocking exercise by barrel holders to avoid taxation.  The data for the final week of 2020 from the U.S. Energy Information Administration […]

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Oil holds above $50/barrel on U.S. stocks draw, Brexit deal hopes

© Reuters. Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Yuka Obayashi and Dmitry Zhdannikov TOKYO/LONDON (Reuters) -Oil prices edged down on Thursday but were holding well above $ 50 per barrel in light holiday trade as a drop in U.S. stockpiles spurred demand hopes, while hints […]

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Oil prices hit nine-month high after U.S. crude stock draw

© Reuters. FILE PHOTO: Oil tanker unloads crude oil at a crude oil terminal in Zhoushan By Jessica Jaganathan SINGAPORE (Reuters) – Oil hit a nine-month high on Thursday after government data showed a fall in stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong Asian demand also buoyed prices. futures […]

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Debenhams appoints advisers to draw up plans for possible liquidation: Sky News

© Reuters. Outbreak of the coronavirus disease (COVID-19) in London LONDON (Reuters) – Struggling British department store chain has appointed Hilco Capital to draw up contingency plans for possible liquidation of the chain should an attempt to sell the business end in failure, Sky News reported on Saturday. Debenhams on Tuesday said it would cut […]

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Oil Climbs as Draw in U.S. Crude Supplies Offsets Demand Worries

© Reuters. By Yasin Ebrahim Investing.com – WTI crude oil prices climbed Wednesday as a larger-than-expected draw in weekly U.S. crude supplies and products overshadowed investor worries over the fragile recovery in crude demand. On the New York Mercantile Exchange rose 2.6% to settle at $ 42.70 a barrel, while on London’s Intercontinental Exchange (NYSE:), […]

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U.S. Oil Falls Below $40 as Demand Worries Stump Big Draw

© Reuters. By Barani Krishnan Investing.com – The benchmarked price of U.S. oil settled beneath $ 40 a barrel on Thursday, snapping a support level critical to longs in the market, as traders brushed away a big crude draw reported by the government on Wednesday to focus on demand worries sparked by Covid-19. New York-traded […]

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U.S. stock funds draw $3.3 billion in latest week: Lipper

© Reuters. The spread of the coronavirus disease (COVID-19) in New York (Reuters) – U.S.-based stock funds in the week ended Wednesday saw $ 3.3 billion of inflows, according to Lipper. Taxable bond funds attracted $ 11.1 billion, the fifteenth straight weekly inflow, while U.S. money market funds drew $ 20.4 billion in the latest […]

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