Oil prices down on US fuel stocks build, dollar strength
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members.
Oil Slips Amid Stronger Dollar, U.S. Fuel Stocks Build
Oil edged lower in early trade after falling more than 1% in the previous session due to a stronger dollar and a rise in U.S. fuel stockpiles.
Crude oil turns lower as U.S. supplies fell but fuel stocks jumped more than expected
Oil futures decline on bearish inventory data; US crude inventories fall but gasoline, distillate stocks increase.
Oil prices edge down for second day straight on rising US fuel inventories
Both benchmarks fell more than 1 per cent on Wednesday as a stronger dollar and the bigger-than-expected rise in US fuel stockpiles weighed on prices
U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries increased their capacity use.
U.S. Crude-Oil Stockpiles Seen Down for Seventh Straight Week
U.S. crude-oil inventories likely fell for a seventh consecutive week, while gasoline and diesel stocks are seen rising from the week before, according to a survey by The Wall Street Journal. Commercial crude stockpiles are expected to have fallen by 1 million barrels to 414.
Oil prices extend losses on rising U.S. fuel inventories
Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline.
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National Fuel predicts gas bills will rise next winter. How much could prices rise?
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