Oil pares early gains, edges lower

2021-09-14 17:55:12 GMT (Economies.com)
Oil pares early gains, edges lower

Oil prices fell on Tuesday, and gave up early gains, ahead of the US crude inventories.

 

The International Energy Agency reported today that it expects a strong recovery in global demand for oil during the fourth quarter of 2021.

 

The American Petroleum Institute will release its preliminary report on the US crude inventories later today, and the US Energy Information Administration will release the official data on Wednesday.

 

The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 17:27 GMT, after hitting a high of 92.6 points and a low of 92.3 points.

 

As of 17:20 GMT, WTI crude October futures fell 0.6% to $70.01 a barrel.

 

Brent November futures 0.5% to $73.1 a barrel, after breaching the $74 barrier earlier today.

 
 
 
  Symbol Last Change Chg.%
1.1738
0.0024
0.2019%
1.3722
0.0046
0.3378%
Tadawul
11270.57
-40.58
0.36%
22.667
0.366
1.643%
73.390
2.457
3.464%
77.25
1.03
1.35%
1751.655
-5.150
0.293%
 
 
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