[ad_1] The American Petroleum Institute (API) reported on Tuesday an accumulation of crude oil inventories of 3.8 million barrels for the week ending November 20. Analysts had expected an inventory build of just 127,000 barrels, and for the short price due to the favorable news about the covid-10 vaccine in …
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[ad_1] Advances in vaccine development and expectations that OPEC + will decide in less than two weeks to renew current cuts for three months instead of easing them from January 2021 give bulls hope that the oil market will regain some semblance of equilibrium this year next, pushing prices higher. …
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[ad_1] The American Petroleum Institute (API) reported on Tuesday a major drawdown in crude oil inventories of 5.147 million barrels for the week ending November 6. Analysts had predicted an inventory draw of only 913,000 barrels. In the previous week, the API reported an incredibly large drawdown in oil inventories …
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[ad_1] Apple may find itself with insufficient processor stock to handle power consumption on new iPhones, due to trade restrictions and the Covid crisis, Bloomberg writes. The availability of the new iPhone series could be affected precisely in the best period of the sales, that of the winter holidays. As …
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