Oil holds gain with stockpile data and Iran sanctions in focus
Oil held a gain as a report showed lower US crude stockpiles, and traders weighed the possible fallout from fresh sanctions on Iran.
By Yongchang Chin, Bloomberg
Brent was steady above USD 88 a barrel after climbing 1.6% on Tuesday, while West Texas Intermediate was near USD 84. The American Petroleum Institute reported nationwide crude inventories fell by 3.2 million barrels last week, according to people familiar with the data. If confirmed by official figures later Wednesday, that would be the first drop in five weeks.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
US to sanction Iranian drone program after attack on Israel
For subscribers
