Crude Oil Prices Close Modestly Lower For Second Straight Day

Following the modest pullback seen on Tuesday, the price of crude oil saw some further downside on Wednesday, although selling pressure was subdued. Crude oil for January delivery edged down $0.07 to $47.96 a barrel after dipping $0.21 to $48.03 a barrel in the previous session. Despite moving lower over ...

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Oil Inventories Slip

Stockpiles of crude oil in the U.S. declined last week, according to new government statistics released Wednesday. Meanwhile, inventories of gasoline and distillate fuel oil rose. The U.S. Energy Department’s Energy Information Administration said that crude oil inventories dipped 1.3 million barrels for the week ended November 18. Gasoline stockpiles ...

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U.S. Durable Goods Orders Jump Much More Than Expected In October

Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured durable goods shot up by much more than expected in the month of October. The Commerce Department said durable goods orders surged up by ...

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