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Oil prices fall as U.S. supplies rise a second straight week and Saudi output recovers


Thursday, 26 September 2019 02:16 WIB

Minyak WTI


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Oil futures fell Wednesday as U.S. government data revealed a second weekly climb in domestic crude inventories.

Also weighing on prices were news reports saying Saudi Arabia had restored most of crude production capacity, recovering from attacks on its facilities earlier this month.

West Texas Intermediate crude for November delivery fell $1.01, or 1.8%, to $56.27 a barrel on the New York Mercantile Exchange, while November Brent crude, the global benchmark, was off $1.38, or 2.2%, at $61.72 a barrel on ICE Futures Europe.

On Nymex, October gasoline fell 2.7% to $1.6095 a gallon, while October heating oil was off 1.5% at $1.938 a gallon.

October natural gas declined 0.6% to $2.488 per million British thermal units. The contract expires at Thursday’s settlement.

Source: Marketwatch


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