Oil gives up earlier gains as Brent falls below $61

2019-09-11 18:10:42 GMT (Economies.com)
Oil gives up earlier gains as Brent falls below $61

Oil prices fell today to surrender earlier gains, shrugging off US inventories falling more than expected.

 

The US Energy Information Administration (EIA) announced today that US oil inventories fell by 6.9 million barrels during last week, beating of a drop by 3.6 million barrel.

 

While the American Petroleum Institute (API) revealed in preliminary data that the inventories fell by 7.2 million barrels.

 

OPEC reported this month that it has trimmed its forecast global oil demand growth in the last four months of 2019 to 1.02 million barrels per day.

 

By 17.34 GMT, WTI fell by 2.7% to $55.8 a barrel, with a high of $58.3 and a low of $55.6.

 

Brent fell by 0.8% to $60.9 a barrel, with a high of $63.2 and a low of $60.5.

 
 
 
  Symbol Last Change Chg.%
1.1019
-0.0001
0.0065%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
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