US oil futures ended slightly higher on Wednesday, barely reaching their highest level in more than two and a half years. Prices rose after the Energy Information Administration reported a larger-than-expected weekly drop in domestic crude inventories, but the U.S. dollar strengthened after the Federal Reserve said it could raise rates on interest earlier than expected, putting pressure on the prices of dollar-denominated currencies. oil. West Texas Intermediate oil for delivery in July CLN21,
rose 3 cents, or 0.04%, to $ 72.15 a barrel on the New York Mercantile Exchange, the highest first-month deal since October 2018, according to FactSet data. It had traded up to $ 72.99 during the trading session.
August 5, 2021 By Ken Trahan Category: Preparations Jesuit company Retif Oil lost 5-0 to Troy, Ala., In the first...Read more