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Oil futures end lower, with U.S. prices at their lowest in over a year
Oil futures fell on Monday, with U.S. prices settling at their lowest since early October 2017. Data from Genscape reportedly revealed a jump in crude stocks at the U.S. storage hub last week, raising concerns that a government report due Wednesday will confirm a large inventory increase at the hub in Cushing, Okla. A report from the Energy Information Administration also forecast another monthly climb in U.S. shale oil production, with January output expected to rise by 134,000 barrels a day.
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https://www.marketwatch.com/story/oil-fu...2018-12-17
Oil futures fell on Monday, with U.S. prices settling at their lowest since early October 2017. Data from Genscape reportedly revealed a jump in crude stocks at the U.S. storage hub last week, raising concerns that a government report due Wednesday will confirm a large inventory increase at the hub in Cushing, Okla. A report from the Energy Information Administration also forecast another monthly climb in U.S. shale oil production, with January output expected to rise by 134,000 barrels a day.
...
https://www.marketwatch.com/story/oil-fu...2018-12-17
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