Crude oil prices eased in early Asia on Wednesday as markets look ahead to data on U.S. supplies.
The American Petroleum Institute will release its estimates of U.S. stockpiles of crude and refined products last week. The data is a day late because of a public holiday in the U.S. on Monday.
That means the more closely watched data by the U.S. Department of Energy on U.S. supplies will come a day later on Thursday.
On the New York Mercantile Exchange, crude oil for delivery in March eased 0.07%, to trade at $46.64 a barrel.
Overnight, West Texas Intermediate oil futures sold off sharply on Tuesday, after the International Monetary Fund cut its global economic growth outlook and China’s economy expanded at its slowest pace in 24 years.
Elsewhere, on the ICE Futures Exchange in London, Brent oil for March delivery declined 88 cents, or 1.79%, to trade at $47.97 a barrel Tuesday.
Read more Click Here / www.trade4x.net
The American Petroleum Institute will release its estimates of U.S. stockpiles of crude and refined products last week. The data is a day late because of a public holiday in the U.S. on Monday.
That means the more closely watched data by the U.S. Department of Energy on U.S. supplies will come a day later on Thursday.
On the New York Mercantile Exchange, crude oil for delivery in March eased 0.07%, to trade at $46.64 a barrel.
Overnight, West Texas Intermediate oil futures sold off sharply on Tuesday, after the International Monetary Fund cut its global economic growth outlook and China’s economy expanded at its slowest pace in 24 years.
Elsewhere, on the ICE Futures Exchange in London, Brent oil for March delivery declined 88 cents, or 1.79%, to trade at $47.97 a barrel Tuesday.
Read more Click Here / www.trade4x.net
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