SINGAPORE (Reuters) –Brent crude have prolonged the losses toward $124 a barrel on Wednesday after the U.S. central bank ran hopes of further economic spur, hearsay that Saudi Arabia is keeping the higher result in the event of a strategic release also weighed. In the industry data shows a larger-than-expected mount in crude inventories in the United States, the world’s top oil consumer, also pressured prices, but losses were constrained by further disturbance in exports from the North Sea.
On Tuesday Brent was settled down 57 cents at $124.86. While having this early month Brent crude has dropped 21 cents to $124.65 a barrel by 0616 GMT (02.16 a.m. EDT), after touching a low of $124.42.
Nice post
ReplyDelete