Crude Oil Prices Mixed In Asia With WTI Edging Down After API Estimates
Crude oil prices were mixed in Asia on Wednesday with US WTI showing a slight dip ahead of official data on weekly inventories in the United States
On the New York Mercantile Exchange crude futures for March delivery fell 0.03% to $59.17 a barrel, while on London’s Intercontinental Exchange, Brent gained 0.37% to trade at $62.80 a barrel.
The American Petroleum Institute (API) on Tuesday said its weekly estimates of U.S. crude stocks showed a build of 3.947 million barrels, more than the 2.825 million barrels gain seen.
Gasoline inventories rose 4.634 million barrels, above the 1.229 million barrels expected and distillates rose 1.095 million barrels, compared to a 1.130 million barrels decline seen. Supplies at the oil storage hub of Cushing, Oklahoma, fell by 2.319 million barrels.
for contact:
8006006296/ 8006707020
www.foxcommodities.co
