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Crude oil futures rise, rice stock sharply declines and large hurricane approaches-Reuters News-International

2019-08-29T21:10:27.082Z

[Houston 29 Reuters]-Crude futures market price rose on 29th. This was supported by a sharp decline in US crude oil inventory and the approach of large-scale hurricanes. According to the National Hurricane Center (NHC), the hurricane Dorian is


[Houston 29 Reuters]-Crude futures market price rose on 29th. This was supported by a sharp decline in US crude oil inventory and the approach of large-scale hurricanes.

According to the National Hurricane Center (NHC), Hurricane Dorian reaches 209 km / h (58 m / s) within 72 hours and is the second strongest “Category 4” on September 1st. Expected to develop. It is expected to land on the east coast of Florida on the 2nd and stay in the center on the next 3rd.

The weekly crude oil inventory announced by the US Energy Information Agency (EIA) on the 28th fell by over 10 million barrels on the back of a slowdown in imports.

North Sea Brent Crude Oil Futures <LCOc1> is $ 61.08, 0.98% ($ 0.59) higher. WTI (West Texas Intermediate) Crude Oil Futures <CLc1>, an indicator of US crude oil, is 1.7% ($ 0.93) higher at $ 56.71.

Source: asahi

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