According to the EIA s March s Short-Term Energy Outlook (STEO) released on Tuesday, for the crude oil prices, Brent prices averaged $62 per barrel in February, up $8 per barrel from January s average and up $7 per barrel from February 2020, reports Xinhua news agency.Risi
U.S. wheat futures edged lower on Wednesday, though the U.S. Department of Agriculture's (USDA's) forecast for lower global supplies provided kept losses in check.
3 Min Read
NEW YORK (Reuters) - Oil prices rose on Wednesday on an upbeat forecast for global economic recovery and as U.S. gasoline inventories plummeted, but prices were limited due to a surge in crude oil inventories in the aftermath of last month’s Texas winter storm.
FILE PHOTO: The sun sets behind the chimneys of the Total Grandpuits oil refinery, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann
Brent crude settled at $67.90 a barrel, gaining 38 cents, or 0.6%. U.S. West Texas Intermediate crude settled at $64.44 a barrel, rising 43 cents, or 0.7%.
U.S. gasoline stocks dropped by 11.9 million barrels last week and distillates, which include diesel and heating oil, fell 5.5 million barrels, the Energy Information Administration said, sharper than analysts’ expectations in a Reuters poll for a 3.5 million-barrel drop each. [EIA/S]
According to the EIA s March s Short-Term Energy Outlook (STEO) released on Tuesday, for the crude oil prices, Brent prices averaged $62 per barrel in February, up $8 per barrel from January s average and up $7 per barrel from February 2020, reports Xinhua news agency.Risi
London nickel slumped more than 8% on Thursday and prices of the metal in Shanghai dropped the most in nine months after a major deal by Chinese firm Tsingshan eased worries of battery-grade nickel supply shortages.