Crude oil fell below the $102.00 a barrel level after rising the most in a week yesterday as crude supplies advanced last week. Yet, losses are limited as US lawmakers made a deal ending a 16-day government shutdown, deciding to fund the government until January 15.
The US lawmakers also made a last minute deal to raise the country`s debt ceiling until February 7 next year and later President Barak Obama signed the measure into law, giving the market a bounce.
- WTI crude oil futures for November is trading around $101.96 a barrel after falling $0.33
- Brent futures for November settlement is trading around $110.40 a barrel after falling $0.19
With federal workers returning to work investors are now awaiting a big number of delayed economic indicators to be released from the US, including the non-farm payrolls report, to gauge the outlook for demand on oil from the world largest oil consumer.
The American Petroleum Institute showed yesterday that US crude stockpiles climbed by 5.94 million barrels last week, adding downside pressures on oil prices; gasoline inventories dropped by 2.21 million barrels while distillates declined by 1.32 million.
- Natural gas is trading at $3.793 per cubic feet after rising 0.64%
- Gasoline is trading at $2.7029 per cubic feet after rising 0.03%
- Heating oil (diesel) is trading at $3.0397 a gallon after rising 0.01%
The US Energy Information Administration, the Energy Department’s statistical arm, will not release its weekly inventories data today because of the government shutdown. Yet investors will focus on the outcome of talks between Iran and the world powers.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Crude Weakens On Higher Stockpiles; Losses Limited On US Debt Deal
Published 10/17/2013, 08:47 AM
Updated 07/09/2023, 06:31 AM
Crude Weakens On Higher Stockpiles; Losses Limited On US Debt Deal
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.