SEOUL: Brent oil slipped $58.48 a barrel hold up by a larger-than-expected drop in US crude inventory and a fire in a main US crude supply facility.
Front-month US crude for February delivery also gained $1.04 a barrel at $54.31 as of 0107 GMT after hitting $55.11 earlier. US crude inventories fell 1.8 million barrels last week as refineries hiked output, compared with analysts’ expectations for a decrease of 67,000 barrels.
The oil prices were also supported due to a fire on an Enbridge Inc crude oil storage and pipeline facility just south of Williston, N.D., which serves as a key gathering and distribution hub for crude oil produced in the second-largest crude oil producer in the United States.
It was also not clear if the fire was affecting crude oil storage tanks or other parts of the complex
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
