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The market expected that the increase in US inventories led to a decline in oil prices

 Last Update: 2022-11-26
 Source: Internet
 Author: User

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oil

1 16 tubing

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Oil prices fell on Tuesday amid expectations of an increase in U.
S
.
inventories, Reuters reported on October 16.

As of 0654 GMT, the price of international benchmark Brent crude for December delivery fell 6 cents, or 0.
07 percent, to $80.
72 a barrel
.

U.
S
.
West Texas Intermediate crude for November delivery fell 14 cents to $71.
64 a barrel.

U.
S.
crude inventories were expected to rise for the fourth straight week last week, adding about 1.
1 million barrels
, according to Reuters surveys prior to reports from the American Petroleum Institute (API) and the U.
S.
Department of Energy's Energy Information Bureau (EIA).

U.
S.
exports fell sharply in October from 2.
5 million barrels in April
, data showed.

Oil prices fell on Tuesday amid expectations of an increase in U.
S
.
inventories, Reuters reported on October 16.

petroleum

As of 0654 GMT, the price of international benchmark Brent crude for December delivery fell 6 cents, or 0.
07 percent, to $80.
72 a barrel
.

U.
S
.
West Texas Intermediate crude for November delivery fell 14 cents to $71.
64 a barrel.

U.
S.
exports fell sharply in October from 2.
5 million barrels in April
, data showed.

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