Connect with us

Business

Oil Rises as U.S. Stockpile Jump Takes Back Seat to Fears Over Saudi Attacks

The IEA estimated growth in global oil demand to average 1. crude stockpiles surged more than 8 million barrels last week versus a drawdown expected by the market. In the previous week, crude inventories fell by almost 4 million barrels. In the earlier week to May 3, gasoline inventories fell by almost 600,000. “There was also a large increase in crude oil inventories at the Cushing, Okla.

View Full Article

Disclaimer

This news content is a computer generated summarized version of the original article and the authenticity of the original content has not been verified. Please click on the View Article button to refer to the actual content. 

Comments

0 comments

Trending