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Oil rises for fifth session as stockpiles fall and market awaits Fed

LONDON (Reuters) – Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago.Read more


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Futures Contract News – United States, NEW YORK, Harvey Schwartz

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Futures Contract News – United States, BANGKOK, NEW YORK

Oil rises for fifth session as stockpiles fall and market awaits Fed

Brent crude futures rise 40 cents or 06 trading at 6512 a barrel by 0842 GMT US West Texas Intermediate crude gains 20 cents or 03 to 5825 a barrel Oil prices rose for a fifth day on Wednesday supported by a drop in US inventories and
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US Crude-Oil Futures Rise for Fifth Straight Session

NEW YORK–The rally in US crude-oil futures extended to a fifth day Thursday fed by signs of an improving US economy The prospect for a pick-up in the worlds biggest oil consumer comes as US refiners already are turning increasing volumes of crude
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Crude Oil Price Forecast Oil Rises For 5th Day on Huge Stockpile Drop

Looking to the DOE data on Cushing Oklahoma stockpiles there has been a 625 drop from the The chart above shows the premium of the December oil futures contract relative to the December 2019 contract Should the front-month trade at a discount
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GLOBAL MARKETS-Dollar rise hits commodities as Fed talks of tightening

SYDNEY March 24 Reuters – The dollar advanced for a fifth straight session the rise in the dollar sparked profit-taking in a range of commodities from oil to gold to copper Oil took a further knock when data showed crude stockpiles had risen
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Oil futures log 5th straight drop to settle at a two-week low

An oil refinery in Colorado is shown in this file photo Oil futures fell for a fifth straight session on podcast Monday The market also awaits the monthly US employment data due Friday A bullish report would hint at the Fed moving on interest
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Fed Speakers Oil Rally in Focus As Market Awaits Friday Jobs Report

Fed saying stockpiles fell more than 7 million barrels last week Supplies have now fallen five-consecutive weeks Fifty dollars a barrel remains the key figure to watch so lets see if oil can rise solidly above that something the market hasn
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