Oil prices rose at the settlement at the end of Wednesday's trading, in light of the decline in inventories of crude oil, gasoline, and distillates in the United States of America. Brent crude futures rose by 70 cents, or 0.86 percent, to reach $81.71 per barrel upon settlement. US West Texas Intermediate crude futures also rose by 63 cents, or 0.82 percent, to reach $77.59 per barrel upon settlement. The US Energy Information Administration announced Wednesday that inventories of crude oil, gasoline, and distillates in the United States declined more than expected last week. The US Energy Information Administration said, in a report, that crude inventories fell by 3.7 million barrels to 436.5 million in the week ending July 19, and that crude inventories at the delivery center in Cushing, Oklahoma, fell by 1.7 million barrels last week. Source: Qatar News Agency
Related Posts
Bahrain Chamber of Commerce and Industry Chairman: The key driver for economic growth is investment
Sameer Abdulla Nass, chairman of the Bahrain Chamber of Commerce and Industry (BCCI), affirmed the importance of investing in human capital, as a key driver for achieving the intended economic growth and increasing the production process.Nass pointed …
ADLSA Announces End of Determined Working Hours Period for Work in Exposed Locations
The Ministry of Administrative Development, Labor and Social Affairs (ADLSA) announced the end of the implementation period for the Ministerial Decision No.17 of 2021, on determining the working hours for work performed under the sun or outdoor work si…
Qatar, US Have a Common Desire to Increase Trade Volume, Says US Ambassador
Doha: HE Ambassador of the United States of America to the State of Qatar, Timmy Davis, said on Tuesday that there is a common Qatar-US desire to enhance cooperation and increase the volume of bilateral trade exchange.
Speaking on the sidelines of th…