Oil prices drop before US data
Oil prices fell on Thursday as dealers awaited a batch of US data, including weekly energy inventory numbers.
Brent North Sea crude for delivery in February shed 17 cents to $93.96 a barrel in afternoon London trade.
New York's main contract, light sweet crude for February slid 37 cents to $90.75 a barrel.
The US Department of Energy is to publish its latest weekly snapshot of oil stockpiles on Thursday, which comes amid a pick-up in demand for heating fuel as cold temperatures batter the northeast of the United States.
"Distillates are expected to have declined ... partly due to the cold weather," said Brenda Sullivan, an analyst at Sucden brokerage.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- HDBank in triple victory at listed company awards (November 25, 2024 | 11:38)
- Malaysia's Solarvest and Finhero launch first solar financing fintech solution in Vietnam (November 22, 2024 | 19:50)
- SHB honoured at VLCAs for fourth time (November 22, 2024 | 19:08)
- Central Bank of Cuba chief visits Hanoi to work with VBSP (November 22, 2024 | 15:49)
- Credit sees steady growth towards year-end (November 21, 2024 | 17:46)
- HDBank wins three titles at Vietnam Listed Company Awards (November 21, 2024 | 10:01)
- VLCA’s corporate governance mission (November 21, 2024 | 10:00)
- The promotion of ESG via banking (November 21, 2024 | 09:32)
- Standard Chartered committed to Vietnam’s financial success (November 21, 2024 | 09:24)
- Full ESG adoption the priority for Agribank (November 21, 2024 | 09:07)
Mobile Version