Crude oil futures prices picked up on Wednesday as U.S. commercial crude oil inventories declined in the previous week. The West Texas Intermediate (WTI) for July delivery gained 79 cents, or 1.10 percent, to settle at 72.53 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery increased by 66 cents, or 0.87 percent, to settle at 76.95 U.S. dollars a barrel on the London ICE Futures Exchange. U.S. commercial crude oil inventories dipped 500,000 barrels in the week ending June 2 despite voluminous increase of net crude oil imports in the same period, according to data issued by the U.S. Energy Information Administration (EIA) on Wednesday. Still, U.S. gasoline and distillate fuel inventories increased by 2.7 million barrels and 5.1 million barrels in last week, respectively.
When international labor community was observing International Labour Day, scores of illiterate laborers in Pakistan…
A delegation of Pakistani elite youth which recently visited Urumqi, Kashgar, and Atush said that…
A delegation comprised over 15 participants from the Economic Cooperation Organization Science Foundation (ECOSF) including…
The Committee on Science and Technology of the Organization of Islamic Cooperation (COMSTECH) has partnered…
A cross-firing between two rival groups on Model Town Link Raod claimed the life of…
A woman with the help of her lover kidnapped her own son in Narowal, police…
Leave a Comment