ETEnergyWorld on Nostr: Oil settles up over 1% on large draw from US crude stocks - ET EnergyWorld ========== ...
Oil settles up over 1% on large draw from US crude stocks - ET EnergyWorld
==========
Brent crude futures rose 91 cents (1.2%) to $74.17 per barrel; U.S. West Texas Intermediate crude futures rose 98 cents (1.4%) to $70.60 per barrel; U.S. crude oil inventories fell by 4.2 million barrels for the week ended Dec. 20; Analysts expected a 1.9 million-barrel drawdown; World Bank raised forecast for Chinese economic growth in 2024 and 2025; China to issue special treasury bonds worth 3 trillion yuan ($411 billion); NATO to boost presence in the Baltic Sea; Tensions in the Middle East following Israeli raids; StoneX analyst Alex Hodes comments on sanctions risk from incoming Trump administration.
#Oil #Brent #Wti #Crude #Us #China #Economy #Nato #MiddleEast #Energy
https://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-settles-up-over-1-on-large-draw-from-us-crude-stocks/116729925
==========
Brent crude futures rose 91 cents (1.2%) to $74.17 per barrel; U.S. West Texas Intermediate crude futures rose 98 cents (1.4%) to $70.60 per barrel; U.S. crude oil inventories fell by 4.2 million barrels for the week ended Dec. 20; Analysts expected a 1.9 million-barrel drawdown; World Bank raised forecast for Chinese economic growth in 2024 and 2025; China to issue special treasury bonds worth 3 trillion yuan ($411 billion); NATO to boost presence in the Baltic Sea; Tensions in the Middle East following Israeli raids; StoneX analyst Alex Hodes comments on sanctions risk from incoming Trump administration.
#Oil #Brent #Wti #Crude #Us #China #Economy #Nato #MiddleEast #Energy
https://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-settles-up-over-1-on-large-draw-from-us-crude-stocks/116729925