Oil on Mixed Sentiment as U.S. Inventories Rose Sharply

Thursday, 16/08/2018 | 07:14 GMT

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Oil is somehow facing a mixed sentiment amid the EIA publishing that the crude inventory levels in the U.S. unpredictably perform a sharp increase by 6.8 million barrels ending August 10. The economists and the analysts missed estimates having predicted a drop by 2.5 million barrels.

Crude Oil WTI Futures for Delivery in September approached $64.97 a barrel declining 0.06%, and Brent Oil Futures for delivery in October reached $71.03 per barrel rising 0.42%.

Turkish Lira Rebounds

The Turkish lira gained value against the U.S. dollar following the greenback's latest retreat. The U.S. Dollar Index traded to 96.40 falling 0.21%. The USDCNY aimed at 6.9001 losing 0.51%.

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Source: https://www.exclusivecapital.com/oil-on-mixed-sentiment-as-u-s-inventories-rose-sharply/

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