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Oil prices on Wednesday accelerated their negative movement, the fears related to the approach of Hurricane Michael, which is expected to be the strongest for the state of Florida in the last 14 years, did not prevent the fall. Official data on fuel reserves in the US over the past week will be released on Thursday. Analysts expect US oil inventories to increase by 1 million 610 thousand barrels. The growth of gasoline reserves is projected at 422 thousand barrels while reducing the reserves of distillates by 1 710 thousand barrels. By 17:35 Moscow time on Wednesday, prices for December futures for Brent oil fell by 1 dollar 4 cents to 83 dollars 96 cents per barrel. WTI November futures fell 1 dollar 8 cents to 73 dollars 88 cents a barrel.
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
Oil prices dropped on Wednesday as the inventory build in U.S. industry data exceeded expectations, while coronavirus cases continue to surge in the United States, the world’s biggest oil consumer. The American Petroleum Institute reported ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
Oil prices gained on Wednesday after a steep decline in U.S. crude stockpiles, while markets await OPEC’s next steps on supply cuts to be announced after a meeting later today. Brent crude futures rose 0.2%, or 10 cents, at $43 per barrel. ...
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