PT Solid Gold Berjangka | Oil Prices Down on Swelling US Crude Stocks, Easing Middle East Tensions
OIL SOLID GOLD BERJANGKA, SG BERJANGKA , SOLID GROUP, PT SGB , SGB
Solid Gold Berjangka | Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.
Brent crude futures fell 9 cents to $77.11 a barrel by 0001 GMT. U.S. West Texas Intermediate crude lost 10 cents at $73.07 per barrel.
U.S. crude oil stocks were seen rising last week by 347,000 barrels, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline and distillate stocks, however, fell by 1.043 million barrels and 2.247 million barrels respectively, according to the sources.
The United States is the world’s biggest producer and consumer of oil, and growing inventories point to oversupply that could hinder prices.Official U.S. government inventory estimates are set to be released on Wednesday at 10:30 a.m. local time.
Source : Reuters