Page 64 - Texas Intermediate News Today

(PTI) Oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East and rising crude inventories and production in the U.S., the world’s biggest oil consumer. Brent crude futures for July fell 70 cents, or 0.8%, to $85.63 a barrel by 0456 GMT. U.S. West Texas…

Oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East and on rising crude inventories and production in the US, the world's biggest oil consumer. Both oil price benchmarks were down more than 1% at 0650 GMT. Brent crude futures for July were 88 cents lower at $85.45 a barrel, while US West Texas Intermediate crude futures for June were 90 cents lower at $81.03 per barrel.

Light trading volumes are expected in Europe Wednesday with only London’s FTSE index open due to the May Day/Labour Day public holiday in the region.

Oil fell more than 1 per cent on Wednesday, losing ground for a third straight session on hopes of a ceasefire agreement in the Middle East and by rising

Expectations that a ceasefire agreement between Israel and Hamas could be in sight have grown following a renewed push led by Egypt, even as Israeli Prime Minister Benjamin Netanyahu has vowed to go ahead with a long-promised assault on Rafah

A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.

Crude oil futures fell almost $3/bbl and refined product prices also slid by midday Wednesday, after the latest U.S. data showed a large U.S. commercial oil inventory buildup, pressured by possible...

The dollar steadied Wednesday and Wall Street shares were mixed as investors went into a holding pattern ahead of key announcements from the US Federal Reserve. The Fed later Wednesday winds up a two-day regular policy meeting, and while no change in borrowing costs is expected, inv ..

LONDON: Oil fell more than 1% on Wednesday, losing ground for a third straight session on hopes of a ceasefire...

Oil extended its recent skid as US crude inventories swelled to the highest since June the Federal Reserve signaled fresh concerns about inflation.