Baghdad /NINA/- Oil prices are heading for weekly gains for the second time in a row amid indications of improved demand and a decline in US oil and fuel inventories.
Brent crude futures for August delivery fell 15 cents to $85.56 a barrel, after a gain of 0.8 % in the previous session, while US West Texas Intermediate crude futures for August delivery fell 14 cents to $81.15 a barrel.
US government data issued yesterday, Thursday, showed that total product supplies, an indicator of demand in the country, rose by 1.9 million barrels per day over the week to 21.1 million barrels per day.
Energy Information Administration data also revealed that US crude inventories decreased by 2.5 million barrels in the week ending June 14 to 457.1 million barrels, while gasoline inventories fell by 2.3 million barrels to 231.2 million barrels, compared to expectations for an increase of 600 thousand barrels./End
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Brent crude futures for August delivery fell 15 cents to $85.56 a barrel, after a gain of 0.8 % in the previous session, while US West Texas Intermediate crude futures for August delivery fell 14 cents to $81.15 a barrel.
US government data issued yesterday, Thursday, showed that total product supplies, an indicator of demand in the country, rose by 1.9 million barrels per day over the week to 21.1 million barrels per day.
Energy Information Administration data also revealed that US crude inventories decreased by 2.5 million barrels in the week ending June 14 to 457.1 million barrels, while gasoline inventories fell by 2.3 million barrels to 231.2 million barrels, compared to expectations for an increase of 600 thousand barrels./End
ليصلك المزيد من الأخبار اشترك بقناتنا على التليغرام
