

Please try another search
Investing.com - Oil prices rebounded on Friday in Asia after settling down almost 6% the previous session amid another surprisingly strong increase in U.S. stockpiles last week.
U.S. Crude Oil WTI Futures gained 1.2% by 11:20 PM ET (03:20 GMT). International Brent Oil Futures also rose 1.2% to $68.56.
Oil prices settled down more than 5% on Thursday. It was the steepest drops since the start of the year.
The slide came after the U.S. Energy Information Administration reported that crude inventories had unexpectedly risen by 4.74 million barrels last week, compared with the forecasted 600,000 barrel decline.
Stocks of gasoline and other distillates also rose, counter to expectations.
Oil prices and most risk assets were under pressure since trade negotiations between the U.S. and China hit an impasse earlier in the month. Asian shares are set to record a third week of losses and are currently trading near four-month lows.
Comments from the International Monetary Fund on Thursday that said "the latest escalation (of the U.S.-China trade war) could significantly dent business and financial market sentiment, disrupt global supply chains, and jeopardize the projected recovery in global growth in 2019” were also cited as denting investor sentiment.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.