Oil News

The US Energy Information Administration is expected to issue its petroleum report, for a fresh direction in the market

Crude oil litle change in the morning

The US Energy Information Administration is expected to issue its petroleum report, for a fresh direction in the market

US crude oil futures have not changed much on Wednesday. Brent crude oil fell 3 cents to $79.30. Last December oil was trading at $33, but held to a band of $70 to $82 in the past two months. Following Tuesday’s settlement, the data released by the American Petroleum Institute showed US crude stocks rose 2.9 million barrels last week. The US Energy Information Administration is expected to issue its petroleum report, for a fresh direction in the market.