MTECHTIPS:-Oil prices jump more than $1 despite rising U.S. inventories

MTECHTIPS:-Oil prices jump more than $1 despite rising U.S. inventories

MTECHTIPS- Oil prices were sharply higher during North American morning hours on Thursday, bouncing back from the prior session’s losses as market players embraced riskier assets despite another big jump in U.S. oil inventories. Crude oil for March delivery on the New York Mercantile Exchange jumped $1.03, or nearly 2%, to $53.79 a barrel by 10:00 AM ET (15:00 GMT), after falling 43 cents, or 0.8%, a day earlier. Elsewhere, Brent oil for March delivery on the ICE Futures Exchange in London rallied $1.22, or about 2.2%, to $56.30 a barrel. The international benchmark declined 36 cents, or around 0.7%, on Wednesday. Market players shrugged off concerns over rising U.S. oil inventories. The U.S. Energy Information Administration said on Wednesday that crude supplies rose by 2.9 million barrels last week to 488.3 million barrels. Futures have been trading in a narrow range around the low-to-mid $50s over the past month as sentiment in oil markets has been torn between expectations of a rebound in U.S. shale production and hopes that oversupply may be curbed by output cuts announced by major global producers. U.S. drilling activity has risen by more than 6% since mid-2016, taking it back to levels seen in late 2014, raising concerns that the ongoing rebound in U.S. shale production could derail efforts by other major producers to rebalance global oil supply and demand

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  103. Hey there are using WordPress for your site platform?
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  105. Hello! I know this is kinda off topic however , I’d figured I’d ask.
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  107. Hmm it seems like your blog ate my first comment (it was super
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    Reply
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  111. Yesterday, while I was at work, my cousin stole my iPad and tested
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    Reply
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  114. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment.
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    Many thanks!

    Reply
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  122. Hi! Quick question that’s completely off topic.

    Do you know how to make your site mobile friendly?
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    Reply
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  124. Hello would you mind sharing which blog platform you’re
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    The reason I ask is because your design seems different then most blogs and I’m looking for something unique.

    P.S My apologies for getting off-topic but I
    had to ask!

    Reply
  125. Howdy! I realize this is somewhat off-topic but I needed to ask.

    Does running a well-established website like yours take a massive amount work?
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    online. Please let me know if you have any suggestions or tips for brand new aspiring bloggers.

    Appreciate it!

    Reply
  126. Hi there! Do you know if they make any plugins to help with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m
    not seeing very good results. If you know of any please share.
    Thank you!

    Reply
  127. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now
    each time a comment is added I get several emails with the same comment.
    Is there any way you can remove people from that service?

    Thanks a lot!

    Reply
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  129. First of all I want to say terrific blog! I had a quick question that I’d like to
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    Reply
  130. I don’t know if it’s just me or if everyone else encountering problems with your blog.
    It appears as though some of the written text in your posts
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    Reply
  131. Hey there are using WordPress for your blog platform?
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    Any help would be greatly appreciated!

    Reply
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