NIFTY 50
Powered by:

Oil rises on US crude inventories, Iran sanctions worries

Updated : August 22, 2018 06:59 AM IST

Brent crude oil futures were at $72.80 per barrel at 0109 GMT, up 18 cents, or 0.25 percent, from their last close.
US crude inventories fell by 5.2 million barrels in the week to Aug.17, to 405.6 million barrels, ahead of analysts' forecasts for a fall of 1.5 million barrels, according to data from industry group the American Petroleum Institute. 
Concerns also remain over how much oil will be removed from global markets by renewed sanctions on Iran, despite worries that demand growth could weaken amid a trade disputes between the United States and China, the world's two biggest economies.
Oil rises on US crude inventories, Iran sanctions worries
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV