Commodities

Oil holds ahead of US inventories data

2021-10-13 17:20:38 GMT (Economies.com)

Oil prices held on Wednesday, as the dollar fell against most of its peers, ahead of the US inventories data.

 

Commodity prices spiked recently, led by oil, metals, natural gas and others, due to strong demand and a drop in supply.

 

Data showed today that the US consumer price index rose 0.4% during September, beating forecasts of 0.3%.

 

The core consumer price index reading (excluding energy and food prices) rose 0.2% last month as expected.

 

The American Petroleum Institute will release its preliminary report on the US crude inventories later today, and the US Energy Information Administration will release the official data on Wednesday.

 

As of 16:37 GMT, WTI crude November futures rose less than 0.1% to $80.6 a barrel

 

Brent December futures held at $83.4 a barrel.

More News

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.