Brent trims gains, US crude turns lower

2021-04-08 17:05:59 GMT (Economies.com)
Brent trims gains, US crude turns lower

Oil prices saw mixed performance on Thursday, as the US crude pared its early gains, while the US dollar fell against most majors.

 

The Energy Information Administration reported today that the US crude inventories fell 3.5 million barrels to 498.3 million barrels last week, while analysts forecasts a rise by 700K barrels.

 

The International Monetary Fund raised its projections for the global GDP to grow by 6% in 2021.

 

The dollar index fell against a basket of currencies by 0.5% to 92.01 points as of 16:36 GMT, after it hit a high of 92.4 points and a low of 92.0 points.

 

As of 16:32 GMT, WTI crude April futures fell 0.1% to $59.6 a barrel, after hitting a high of $59.8 and a low of $58.8.

 

Brent May futures rose 0.2% to $63.2 a barrel, after hitting a high of $63.4 and a low of $62.3.

 
 
 
  Symbol Last Change Chg.%
1.1979
0.0068
0.5688%
1.3783
0.0035
0.2568%
Tadawul
9847.62
27.59
0.28%
25.416
0.321
1.279%
62.914
2.524
4.179%
66.38
2.71
4.26%
1736.715
-0.220
0.013%
 
 
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