Oil jumps 1.1%, settling at $69.30, as big drop in US crude stockpiles eases oversupply concerns [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Getty Images Oil prices rose for a second day on Wednesday after government data showed U.S. crude inventories fell to the lowest since February 2015, easing worries about oversupply that have weighed on markets in recent weeks. However, trade was volatile following the report, with crude futures falling from session highs to lows and then rebounding, as traders digested the data, analysts said. Brent crude was up 50 cents at $73.94 a barrel by 2:29 p.m. ET, after gaining half a percent on Tuesday. U.S. light crude rose 78 cents, or 1.1 percent, to $69.30, having risen nearly 1 percent in the previous session. Overall, crude inventories fell by 6.1 million barrels in the week to July 20, EIA data showed, their lowest since February 2015. Analysts had expected a decrease of 2.3 million barrels. However, much of the headline drop in crude stockpiles occurred in the West Coast. show chapters The West Coast is so isolat
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- 4/17/24 - Form 3
- 4/15/24 - Form 8-K
- CMCSA's page on the SEC website