25 October 2023 07:39
Oil prices were almost stable at the beginning of trading on Wednesday, as signs of shrinking US supplies were counterbalanced by economic data that weakened expectations for energy demand.
Brent crude futures rose two cents to $88.09 per barrel by 0003 GMT, while US West Texas Intermediate crude futures fell five cents to $83.69 per barrel.
Record prices fell in each of the previous three sessions.
Market sources, citing figures from the American Petroleum Institute, reported yesterday, Tuesday, that US crude supplies decreased by about 2.7 million barrels in the week ending October 20.
The US government is scheduled to release inventory data later on Wednesday.
Source: Agencies
2023-10-25 03:39:58
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