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


News:

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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