WTI Oil Drops for a Fourth Day as U.S. Crude Inventories Advance

West Texas Intermediate fell for a fourth day after industry data showed crude stockpiles rose for a ninth week in the U.S., the world’s biggest oil consumer.

Futures slid as much as 0.3 percent in New York. Crude inventories increased by 6.92 million barrels last week, the American Petroleum Institute said yesterday. An Energy Information Administration report today is projected to show supplies climbed by 750,000 barrels, according to a Bloomberg News survey. The Organization of Petroleum Exporting Countries will keep its production quota unchanged at a meeting next week in Vienna, a separate survey shows.

“The key for the market will be those numbers” from the EIA, said David Lennox, a resource analyst at Fat Prophets in Sydney who predicts OPEC will keep its output target unchanged at the Dec. 4 gathering. “New supply in the U.S. is causing a build-up of inventories.”

WTI for January delivery dropped as much as 32 cents to $93.36 a barrel in electronic trading on the New York Mercantile Exchange, and was at $93.39 at 3:45 p.m. Singapore time. The contract lost 0.4 percent to $93.68 yesterday. The volume of all futures traded was more than double the 100-day average.

Brent for January settlement gained 2 cents to $110.90 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $17.51 to WTI. The spread was $17.20 yesterday, the widest in more than eight months based on closing prices.

8 comments:


  1. تنظيف الخزانات يحتاج الى مواد مصرح بها لاستخدام فى خزانات المياه لابد ان تتم عملية غسيل خزانات بجدة عن طريق شركة غسيل خزانات بجدة محترفة تعمل على تطهير و تعقيم الخزانات
    ____

    شركات تنظيف المنازل في الدمام رخيصة
    بالمقارنة مع باقي الشركات التى لا تتمتع بنفس كفاءة الرائد في العمل وفي تنظيف منازل
    ونقدم ايضا لعملائنا عدة خصومات فى حالة طلب اكثر من خدمتين .

    https://www.alraid-sa.com/شركة-تنظيف-شقق-بالمدينة-المنورة/

    ReplyDelete
  2. Fastest Cars In The World We can measure automotive excellence in several ways, but top speed which a automobile can achieve is the one everyone secretly cares about the most

    ReplyDelete
  3. "This photo is perfect except for background which is...". Well, let's say "bad". Have you ever thought like that? Probably, you even made an attempt or two to edit the picture with the ruined Photo Background Editor, to no avail. Surely, not all of us are designers or at least IT savvy. So, here is a way for the rest of humanity to change the back scene of any photograph – the Photo Scissors online tool.

    ReplyDelete
  4. Nearbest10 is a participant in the Amazon Services LLC Associates Program which is an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliate.

    ReplyDelete
  5. Gypsum designer providing innovative building solutions to meet the demands of customers for sustainable performance solutions. Gypsum designer Inc. is a key resource for architects, contractors, and design professionals.

    ReplyDelete

  6. Photo Retouching is one of the most impressive services in photo editing. It helps to bring a positive vibe and look on the photos. Most of the end-level users are in great needs of Photo Retouching Services. But you need to be careful while selecting the best one.
    Chat conversation end
    Type a message...

    ReplyDelete

  7. Photo Background Editor plays a key role in removing the background of the photo. The editor needs to remain highly careful while removing the background. The service is an essential one for the online business community.

    ReplyDelete

  8. Clipping path service is one kind of image editing Process where we select a important portion of an image and cut the unimportant part Clipping path We can delete the background or change background color to make it more attractive.

    ReplyDelete

Copyright © 2012 Forex Affairs