Crude oil futures WTI rose today afterUnited StatesRevealed that Oil stockRaw material fell more than expected last week.
Investors are also hopeful that countries will start vaccinating against COVID-19. Will help bolster the global economic recovery And the need for oil
At 11.55 p.m. Thai time, the West Texas Crude Oil (WTI) contract for delivery in Jan. It traded on NYMEX plus 3 cents, or 0.06%, to $ 47.65 a barrel.
The US Government’s Energy Information Administration (EIA) said US crude inventories fell 3.1 million barrels last week. While analysts had expected a decrease of 1.9 million barrels.
American Petroleum Institute (API), a group of the US oil industry. Previously disclosed that U.S. crude stocks were up 1.97 million barrels last week.
The EIA also revealed that Crude stocks at Kuching, Oklahoma, the point of delivery of U.S. crude futures, were up 200,000 barrels.
Investors continue to keep an eye on the progress of issuing US economic stimulus measures.
U.S. Senate Majority Leader Mitch McConnell said talks between Congress leaders have made progress in issuing stimulus measures to heal people and businesses affected by the spread. COVID-19 outbreak Including provisional budget legislation to avoid government shutdowns due to budget shortages (shutdown)
“We have made significant progress. And I am convinced that we will be able to reach an agreement very soon, ”said McConnell.
Mrs. Nancy Pelosi, President of the US House of Representatives Invited the leaders of Congress to attend yesterday’s meeting To find a way to reach an agreement on the issue The leaders that Mrs. Pelosi invited to the meeting were McConnell, Senate Minority Leader Chuck Schumer and Kevin McCarthy, Minority Leader in the House of Representatives.
In addition, during the said meeting Mrs. Pelosi also made a phone call with US Treasury Secretary Steven Mnuchin.
If Congress can’t reach an agreement It will cause government agencies to face a shutdown on Dec. 19 and unemployed Americans will not receive compensation from unemployment benefits on Dec. 26.
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