U.S. crude prices were little changed and ended flat Tuesday as investors were awaiting a crude inventory weekly report of the United States due out Wednesday.
Energy Information Administration (EIA), the Energy Department 's statistical arm, will release its weekly report covering U.S. crude supplies of last week, which will offer investors a clearer view of the American oil market.
Brent crude for December delivery increased 0.96 percent to close at 86.22 dollars a barrel Tuesday, supported mainly by upbeat data from China.
China's gross domestic product rose 7.3 percent in the third quarter from a year earlier, said the country's National Bureau of Statistics Tuesday, beating the earlier analysts' estimate of 7.2 percent, a sign that demand of fuel in the world's second-biggest oil consuming country remains strong.
On the economic front, U.S. existing home sales rebounded in September to their highest annual pace of the year, the National Association of Realtors said Tuesday.
Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co- ops, increased 2.4 percent to a seasonally adjusted annual rate of 5.17 million units in September from 5.05 million in August.
Light, sweet crude for November delivery moved up 10 cents to settle at 82.81 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery rose 82 cents to close at 86.22 dollars a barrel.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summitMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor