2 million barrels.Prices have risen more than 25 per cent this year, supported by supply curbs by the Organization of the Petroleum Exporting Countries and other major producers, along with US sanctions on exports from Venezuela and Iran.12, or 1.That is unlikely to come until there is a conclusion on the US-China trade talks, he added, referring to negotiations that restart on Thursday as the world’s two largest economies seek to end an eight-month old trade war.Hedge funds and other money managers have increased bets that demand for oil will be sustained, even as the market rallied last week.“It will be very interesting to see the inventory numbers tonight.Brent was up by 17 cents, or 0. Tokyo: Oil prices crept up on Wednesday, extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand. The US benchmark rose USD 1.But worries about demand have limited oil’s rally as manufacturing data from Asia, Europe and the United States pointed to an economic slowdown.The market was waiting to see whether official figures due later on Wednesday would confirm the API data.2 per cent, to USD 60.14 by 0311 GMT, reversing earlier losses of a similar magnitude.9 per cent, to USD 59.
The American Petroleum Institute, a trade organization, said late on Tuesday that US crude inventories rose 1.94 a barrel in the previous session.69, reached on March 21.Oil rose on Tuesday as Venezuela’s main oil export port of Jose and its four crude upgraders were unable to resume operations following a massive power blackout on Monday, the second in a month.US crude futures added 9 cents, or 0. If we see a fall we could see a sharp move higher,” OANDA’s Halley said.“We seem to have reached a state of equilibrium after the recent headline-driven choppy trading and we need to see some new impetus for price direction,” said Jeff Halley, senior market analyst at OANDA in Singapore.12, or 1.The US benchmark rose USD 1. On Tuesday, the global benchmark rose 76 cents to USD 67.94 a barrel in the previous session.9 million barrels in the latest week, while analysts had forecast a decrease of 1.54th Day Of Lockdown Total Cases 91,463 814 Recovered 34,646 389 Deaths 2,896 24 Market Oil prices edge higher, but future demand concerns cap gains China extruder replacement partss Manufacturers PTI Published: Mar 27, 2019, 12:00 pm IST Updated: Mar 27, 2019, 12:00 pm IST Prices have risen more than 25 per cent this year, supported by supply curbs by the OPEC.97 a barrel, not far below its year-to-date high of USD 68.3 per cent, at USD 68.03, also reversing losses in earlier trade.9 per cent, to USD 59.