Crude oil up despite decline in US inventory

Crude oil up despite decline in US inventory

Crude oil futures traded higher on Thursday morning despite official data indicating decrease in oil inventories in the US. At 9.53 am on Thursday, June Brent oil futures were at $88.14, up by 0.14 per cent, and June crude oil futures on WTI (West Texas Intermediate)...
Oil prices slide on US rate jitters, strong dollar

Oil prices slide on US rate jitters, strong dollar

.– Oil prices fell in Asian trade on Monday, reversing course from last week’s gains as fears of higher-for-longer U.S. interest rates and a stronger dollar weighed on crude markets. Crude prices were sitting on some gains from last week as markets retained some...