Oil prices edged higher to settle above $46 a barrel on Thursday, extending the more-than-6% rally they saw a day earlier, as bets on a slowdown in production grow.
Natural-gas prices, meanwhile, ended lower as supplies moved closer to a record level.
December West Texas Intermediate crude CLZ5, -0.48% tacked on 12 cents by the close, or 0.3%, to settle at a more-than-one-week high of $46.06 a barrel on the New York Mercantile Exchange. Prices jumped 6.3% on Wednesday, as a rise in crude stockpiles wasn’t quite as large as some expected and supplies of gasoline fell.
December Brent crude LCOZ5, -0.20% on London’s ICE Futures exchange fell 25 cents, or 0.5%, to $48.80 a barrel, trading well above the session’s low of $48.17.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Natural-gas prices, meanwhile, ended lower as supplies moved closer to a record level.
December West Texas Intermediate crude CLZ5, -0.48% tacked on 12 cents by the close, or 0.3%, to settle at a more-than-one-week high of $46.06 a barrel on the New York Mercantile Exchange. Prices jumped 6.3% on Wednesday, as a rise in crude stockpiles wasn’t quite as large as some expected and supplies of gasoline fell.
December Brent crude LCOZ5, -0.20% on London’s ICE Futures exchange fell 25 cents, or 0.5%, to $48.80 a barrel, trading well above the session’s low of $48.17.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment