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Oil Rallies as U.S. Crude Build Seen Slowing

By Olivia Raimonde (Bloomberg) — Oil rallied for a fourth day as the pace of stockpile builds at the key U.S. storage hub slowed last week. Futures rose 3.1% in New York Monday, closing above $20, after Genscape reported a 1.8 million-barrel build in inventories in Cushing, Oklahoma, the delivery point for West Texas Intermediate crude. […]

WP_Post Object ( [ID] => 224628 [post_author] => 21 [post_date] => 2020-05-04 20:40:38 [post_date_gmt] => 2020-05-04 20:40:38 [post_content] => crude oil tankersBy Olivia Raimonde (Bloomberg) — Oil rallied for a fourth day as the pace of stockpile builds at the key U.S. storage hub slowed last week. Futures rose 3.1% in New York Monday, closing above $20, after Genscape reported a 1.8 million-barrel build in inventories in Cushing, Oklahoma, the delivery point for West Texas Intermediate crude. […] [post_title] => Oil Rallies as U.S. Crude Build Seen Slowing [post_excerpt] => By Olivia Raimonde (Bloomberg) — Oil rallied for a fourth day as the pace of stockpile builds at the key U.S. storage hub slowed last week. Futures rose 3.1% in New York Monday, closing above $20, after Genscape reported a 1.8 million-barrel buil... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-rallies-as-u-s-crude-build-seen-slowing [to_ping] => [pinged] => [post_modified] => 2020-05-04 20:40:38 [post_modified_gmt] => 2020-05-04 20:40:38 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=139856 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )