Crude stocks on the Cushing, Okla., delivery hub rose by nearly 2.three million barrels final week, sources mentioned. [newline]Inventory data from the Energy Information Administration might be released Wednesday. On common, the EIA is anticipated to indicate crude inventories down by 1.7 million barrels, according to a survey of analysts performed by S&P Global Platts. The survey also calls for a weekly provide increase of 200,000 barrels for gasoline, but distillate shares are forecast to reveal a decline of 400,000 barrels. Oil costs extended losses in the digital buying and selling session after the API information. January West Texas Intermediate crude was at $70.forty seven a barrel in digital buying and selling, after settling Tuesday at $70.73 on the New York Mercantile Exchange.
- Heavy rainfall brought on flash floods and landslides across southern India.
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