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Published 12 days ago

Oil Holds Gain With Stockpile Data And Iran Sanctions In Focus

Summary by Bloomberg
(Bloomberg) -- Oil held a gain as an industry report showed shrinking US crude stockpiles, and traders tracked progress toward fresh sanctions on Iran.Brent was steady above $88 a barrel after climbing 1.6% on Tuesday, while West Texas Intermediate was near $83. The American Petroleum Institute reported nationwide crude inventories fell by 3.2 million barrels last week, according to people familiar with the data. If confirmed by official figures…

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Oil Holds Gain With Stockpile Data And Iran Sanctions In Focus

(Bloomberg) -- Oil held a gain as an industry report showed shrinking US crude stockpiles, and traders tracked progress toward fresh sanctions on Iran.Brent was steady above $88 a barrel after climbing 1.6% on Tuesday, while West Texas Intermediate was near $83. The American Petroleum Institute reported nationwide crude inventories fell by 3.2 million barrels last week, according to people familiar with the data. If confirmed by official figures…

12 days ago·United States
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