Thursday, 23 August 2018

Oil Trades Near $68 on Bigger-Than-Forecast U.S. Inventory Draw - Bloomberg

Oil Trades Near $68 on Bigger-Than-Forecast U.S. Inventory Draw - Bloomberg:

Oil in New York traded near $68 a barrel following a five-day winning streak after U.S. crude inventories declined more than forecast.

Front-month futures were little changed after posting their longest consecutive run of gains since April. Nationwide stockpiles declined 5.84 million barrels last week, more than double what was expected in a Bloomberg survey of analysts. The dollar, which had helped buoy oil prices after a five-day slide, climbed 0.3 percent on Thursday.

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