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Oil Prices Rise On Small Crude Draw

OilPrice.com Wednesday, 19 December 2018
Amid plunging oil prices pressured by the double weight of U.S. production and global economic growth projections, the Energy Information Administration reported a crude oil inventory draw of 500,000 barrels for the week to December 14, after a weekly draw of 1.2 million barrels a week earlier. The EIA report comes a day after the American Petroleum Institute served one of its now regular surprises by reporting a build in inventories of 3.45 million barrels, which pressured prices further below US$50 a barrel for WTI and US$60 a barrel for Brent…
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News video: MSCI’s World Stock Index Sags As Oil Prices Fall

▶ MSCI’s World Stock Index Sags As Oil Prices Fall 00:46

According to Reuters, stocks around the globe are down again as a week-long sell-off continues ahead of the weekend. MSCI’s world stock index was dragged down about one-tenth of a percent by broad declines in Europe and Asia. Japan’s Nikkei lost about 5.6-percent on the week, but it lost about...

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