Oil Holds Gains as U.S. Crude Stockpiles Set to Resume Decline
By Sharon Cho,bloomberg
13 באוגוסט 2019, 01:39 GMT+3 Updated on 13 באוגוסט 2019, 07:04 GMT+3
American inventories forecast to fall by 2.3 million barrels
WTI little changed after rising 7.5% in past three sessions
Oil held gains near the highest level in more than a week ahead of U.S. government data that’s forecast to show crude stockpiles resumed declines after an unexpected increase.
Futures were little changed in New York after advancing 7.5% the past three days. American inventories probably dropped by about 2.3 million barrels last week, according to the median estimate in a Bloomberg survey before Energy Information Administration data Wednesday. Saudi Aramco, the world’s biggest crude exporter, signaled it had curbed capital spending by 12% year-on-year, a potential harbinger of tightening supplies.