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Oil stabilizes after surprise drop in U.S. crude inventories
[30/10/2024 01:24]
SINGAPORE - SABA
Oil prices were settled in early Asian trade today, Wednesday, after industry data had showed a surprise drop in U.S. crude and gasoline inventories, following losses in the previous two sessions on the prospect of a de-escalation in the Middle East conflict.

Brent crude futures were up 21 cents, or 0.3 percent, at $71.33 a barrel by 0002 GMT.
U.S. West Texas Intermediate (WTI) crude futures were up 22 cents, or 0.3 percent, at $67.43 a barrel.

Data from the American Petroleum Institute showed that crude oil and fuel stocks in the United States fell last week.
The data indicated that crude stocks fell by 573,000 barrels in the week ending October 25.
Gasoline stocks fell by 282,000 barrels, while distillate stocks fell by 1.46 million barrels.


Central Bank of Tunisia keeps interest rate at 8 percent
Russian gas exports to Europe rise 20 percent
Dollar stabilizes after fears of U.S. interest rate cuts ease
Canada's federal budget deficit rises to $61.9 billion
Central bank of Kuwait earmarks KD 240 million bond, tawarruq Issue
Russian central bank lowers dollar, euro rates, raises yuan
German Development Bank grants Tunisia €78 million for water, finance sectors
IMF provides Somalia with $10 million to reduce poverty, boost growth
Africa Financial Summit starts in Morocco
China's foreign exchange reserves rise to $3.2659 trillion

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