Skip to Content

Friday, September 20th, 2019

REUTERS – Oil prices stable on lower US crude stocks, but rising output weighs

Closed
by December 21, 2017 General

Oil prices stable on lower US crude stocks, but rising output weighs

Contributed by NAMPA / Reuters.

* U.S. commercial crude stocks fall to lowest level since
2015
* But U.S. crude output hits highest since 1970s
* Saudi Arabia says it will take more time to re-balance
markets
By Henning Gloystein
SINGAPORE, Dec 21 (Reuters) – Oil prices were stable on
Thursday after posting strong gains late in the previous session
on the back of a drop in U.S. crude inventories.
Another rise in U.S. oil production, which is close to
breaking through 10 million b …

Subscribe

Previous
Next