empty
 
 

19.08.202617:57:56UTC+00Crude Oil Rises for 4th Session

Crude oil climbed above $86 a barrel on Wednesday as escalating tensions in the Middle East heightened fears of further disruptions to energy supplies. The UAE announced it was suspending financial and economic dealings with Iran after accusing Tehran of firing ballistic missiles at its territory, while US President Donald Trump stated there were no ongoing negotiations to end the conflict.

Market anxiety increased further after three China-linked supertankers reversed course while crossing the waterway, and another vessel was reportedly hit by a projectile near the strait. Even so, Gulf producers have continued to move substantial crude volumes via alternative routes and discreet shipments, helping to cushion the impact on global supply.

US refinery activity also lent support to prices, with processing rates rising to their highest level since September 2019. However, US crude inventories still expanded by 4.4 million barrels last week, while distillate stocks dropped by 1.5 million barrels to their lowest level in more than a month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $1000 अधिक!
    में अगस्त हम आकर्षित करते हैं $1000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें


अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback