LONDON, April 25 (Reuters)- Oil edged higher on Wednesday, nearing three - year highs reached the previous day, as rising
U.S. fuel inventories and production weighed on an otherwise bullish market.
LONDON, April 25 (Reuters)- Oil eased on Wednesday, but held in sight of three - year highs reached the previous day, as rising
U.S. fuel inventories and production weighed on an otherwise bullish market.
Not exact matches
As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000 - barrel draw in
U.S. crude oil
inventories, the EIA added
fuel to the celebratory mood.
Distillate
inventories are projected to increase by 0.5 million barrels as exports of distillate
fuel out of the
U.S. Gulf were steady last week.
While fracking has become a focal point in conversations about methane emissions, it certainly appears from this and other studies that in the
U.S., fossil
fuel extraction activities across the board likely emit higher than
inventory estimates.»
That surge was
fueled, in large part, because of a growing economy, falling coal prices and a cold winter, the
U.S. Environmental Protection Agency announced Thursday in its annual greenhouse gas emissions
inventory.
Due in part to our concern that after an
inventory -
fueled 3.6 % SAAR Q3 GDP, the
U.S. economy is going to slow back to what now seems to be its growth trend of around 2.25 to 2.50 %.
U.S. housing
inventory constraints have
fueled a sharp rise in prices and made it difficult for buyers to gain a foothold in the market.