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Oil prices rise as U.S. supply data show a rise in crude, fall in gasoline

Por: MarketWatch Business October 26, 2022

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Weakness in the dollar can provide a boost to dollar-denominated commodities such as oil. The ICE U.S. Dollar index fell by 0.9% to 109.986 in Wednesday trading, Also, at the end of the day, when you look at the EIA inventories, distillate supplies are still 20% below the five-year average and that’s “definitely giving this market a boost,” he said. Distillates include heating oil, which is used during the winter heating season to heat... + full article



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