Oil inches higher as US production furthers risk appetite
March 3, 2016 9:08 am
Oil prices escalated as a slide in US production led to more risk appetite in the market.
Brent crude for May delivery traded at $37.02 per barrel, up 9 cents. Light, sweet crude futures for April delivery ended at $34.84 per barrel, up 13 cents. ICE gasoil for March closed at $328.00 per metric ton, down $3.50.
On Wednesday, the Energy Information Administration reported the total stockpiles in the United States was at 518 million barrels in the week through February 29, up 10.4 million barrels. The material has been provided by InstaForex Company – www.instaforex.com
Oil prices escalated as a slide in US production led to more risk appetite in the market.
Brent crude for May delivery traded at $37.02 per barrel, up 9 cents. Light, sweet crude futures for April delivery ended at $34.84 per barrel, up 13 cents. ICE gasoil for March closed at $328.00 per metric ton, down $3.50.
On Wednesday, the Energy Information Administration reported the total stockpiles in the United States was at 518 million barrels in the week through February 29, up 10.4 million barrels.
The material has been provided by InstaForex Company – www.instaforex.com
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