Oil futures trade modestly lower on Thursday, with U.S. benchmark prices holding ground at their lowest in about a month, as traders looked to news reports...
Oil futures traded modestly lower on Thursday, with U.S. benchmark prices holding ground at their lowest in about a monts.
The hope is that easing oil sanctions on Venezuela will make it better able to export a “coveted heavy blend of dirty oil that is so good in yielding diesel,” said Phil Flynn, senior market analyst at The Price Futures Group, adding that diesel is globally undersupplied. Overall, oil prices have seen a summer rally, trading higher for the quarter to date. The rise was fueled by growing confidence in the global economic outlook and OPEC+ supply cuts, particularly Saudi Arabia’s 1 million barrel-a-day reduction in output that began in July and is set to run through at least the end of September, but crude prices pulled back in August.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
15 dead, 36 injured in Mexico bus crash, most apparently Venezuelan migrantsA bus carrying mostly Venezuelan migrants has crashed into a freight truck in central Mexico, killing at least 15 people and injuring 36
Read more »
15 dead, 36 injured in Mexico bus crash, most apparently Venezuelan migrantsA bus carrying mostly Venezuelan migrants has crashed into a freight truck in central Mexico, killing at least 15 people and injuring 36.
Read more »
15 dead, 36 injured after bus carrying mostly Venezuelan migrants crashes in MexicoThe accident happened early Tuesday on a highway that runs south toward Oaxaca state. The route is frequently used by migrant smugglers.
Read more »
15 dead, 36 injured in Mexico bus crash, most apparently Venezuelan migrantsThe accident happened on a highway in central Mexico frequently used by smugglers to transport migrants.
Read more »
15 dead, 36 injured in Mexico bus crash, most apparently Venezuelan migrantsA bus carrying mostly Venezuelan migrants crashed into a freight truck Tuesday in central Mexico, killing at least 15 people and injuring 36, local authorities said.
Read more »
15 dead, 36 injured in Mexico bus crash, most apparently Venezuelan migrantsA bus carrying mostly Venezuelan migrants has crashed into a freight truck in central Mexico, killing at least 15 people and injuring 36.
Read more »