Oil prices rose in Asian trading today after falling about 2% in pre-session, as investors assessed progress in negotiations between the United States and Iran, but remained cautious about the prospects of reaching a final deal that would ease supply concerns.
Brent crude oil futures rose 15 cents, or 0.22%, to $67.57 per barrel, and U.S. West Texas Intermediate crude oil rose 12 cents, or 0.19%, to $62.45. Both crude oil prices are trading near two-week lows.
crude oil inventory
Analysts expect crude oil inventories to rise by about 2.3 million barrels in the week ending Feb. 13, while gasoline inventories will fall by about 200,000 barrels and distillate oil inventories, which include diesel and heating oil, will fall by about 1.6 million barrels.
Oil prices rose during Asian trading today after falling about 2% in pre-session trading as investors assessed progress in talks between the US and Iran, but remained cautious about the prospects of reaching a final deal to alleviate supply concerns.
Brent crude oil futures rose 15 cents, or 0.22%, to $67.57 per barrel, and U.S. West Texas Intermediate crude oil rose 12 cents, or 0.19%, to $62.45. Both crude oil grades are trading near two-week lows.
crude oil inventory
Analysts expect crude oil inventories may have increased by about 2.3 million barrels in the week ending Feb. 13, while gasoline inventories fell by about 200,000 barrels and distillate inventories, which include diesel and heating oil, fell by about 1.6 million barrels.
