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Saturday, November 28, 2020
Energy Oil steady near $101 as supply reports awaited

Oil steady near $101 as supply reports awaited

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

BANGKOK (AP) — Oil bobbed near $101 a barrel Monday as traders waited for the release of U.S. supply figures that were delayed by the government shutdown.

Benchmark crude was unchanged $100.81 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 14 cents Friday, lifted by an improvement in China’s quarterly economic growth.

Data on U.S. crude and fuel stockpiles is due for release later Monday and on Wednesday.

The Energy Information Administration said it will release data for the week ended Oct. 11 on Monday. That supply report was postponed due to the government shutdown. The supply report for last week will be released Wednesday.

Brent crude, the international benchmark, was down 3 cents to $109.91 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.7 cent to $2.651 a gallon.

— Natural gas rose 3.6 cents to $3.80 per 1,000 cubic feet.

— Heating oil shed 0.9 cent to $3.023 a gallon.

 


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