Oil Price’s Advance Pauses Amid Falling U.S. Inventories

Market searching for fresh reasons to continue rally

 Crude Oil: $48.70 barrel, Natural gas: $2.922/MMBtu, Gold:$1266.80 per troy oz


Oil prices stalled Thursday but held on to much of the past week’s gains, amid continuing signs of inventory drawdowns.

Brent crude, the global oil benchmark, fell 0.25% to $50.97 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were down 0.18% at $48.66 a barrel.Read more.

Resource: WSJ

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