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Oil declines despite unexpected US inventory drawdown
2022-11-16 20:24:48 GMT
(Economies.com)
Oil prices fell on Wednesday as the dollar stabilized against major rivals despite US inventory data.
The Energy Information Administration reported a drop of 5.4 million barrels in US crude stocks last week, while analysts expected a rise of 2 million barrels.
Gasoline stocks rose 2.2 million barrels, while distillate stocks rose 1.1 million barrels.
US crude futures due in December fell 1.6% as of 19:07 GMT to $85.5 a barrel.
Brent January futures fell 1.1% to $92.7 a barrel.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0511
|
0.0069
|
0.6613%
|
|
|
|
|
1.2248
|
0.0200
|
1.6592%
|
|
|
|
|
22.734
|
1.378
|
6.452%
|
|
|
|
|
81.254
|
6.825
|
9.170%
|
|
|
|
|
87.32
|
0.34
|
0.39%
|
|
|
|
|
1802.210
|
51.735
|
2.955%
|
|
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