Oil dips after surprise rise in U.S. crude stocks; focus on Biden, stimulus

Capt. John

Oil slipped on Thursday after industry data showed a surprise build in U.S. crude inventories that reignited pandemic-led demand concerns, but stimulus hopes in the United States capped the downturn in prices. U.S. West Texas Intermediate (WTI) crude futures dipped 19 cents, or 0.4%, to $53.12 a barrel at 0725 GMT, following two days of …

The post Oil dips after surprise rise in U.S. crude stocks; focus on Biden, stimulus first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/oil-dips-after-surprise-rise-in-u-s-crude-stocks-focus-on-biden-stimulus/

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