Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syn crude Canada oil sands facility in Alberta, which usually supplies the United States. Prices were also pushed up by looming U.S. sanctions against Iran, which threaten to cut supplies to an already tight market despite pledges by producer cartel OPEC to raise output to make up for the disruptions. U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.6 percent, to $74.60 a barrel, compared with their last settlement. On Tuesday, WTI hit its highest since November 2014 at $75.27. For Any More Information Please Visit Our Official Website : www.paceresearchindia.com and Call : 8817774774Tuesday 3 July 2018
Pace Research Commodity Update : Oil Prices Rise As US Supply Tightens
Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syn crude Canada oil sands facility in Alberta, which usually supplies the United States. Prices were also pushed up by looming U.S. sanctions against Iran, which threaten to cut supplies to an already tight market despite pledges by producer cartel OPEC to raise output to make up for the disruptions. U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.6 percent, to $74.60 a barrel, compared with their last settlement. On Tuesday, WTI hit its highest since November 2014 at $75.27. For Any More Information Please Visit Our Official Website : www.paceresearchindia.com and Call : 8817774774
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