Skip to content
Commodity Watch

Crude Oil Prices Edge Up Slightly

BY Soko Directory Team · July 24, 2016 10:07 am

Crude oil edged higher over the trading session, after extending overnight losses on ongoing concerns of a supply glut. Although U.S. crude stocks fell for the ninth week in a row- by 2.3 million barrels; inventories remained historically high at 19.5 million barrels.

The number of rigs operating in the U.S. has been increasing as producers adapt costs to a lower price environment. According to market experts, elevated stocks of fuel products amid slow demand growth is expected to keep prices under pressure in near-term, Exports from southern Iraq in the first 21 days of July were said have hit an average of 3.28 million barrels per day, up from 3.18 million bpd in June.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Government and Policy Kenya Is Struggling With Debt As Modest Revenue Is Collected With Limited Development Investment Steve Biko Wafula
Entrepreneur's Corner Kenyan Clients Don’t Care Whether You’re In the ICU: The Brutal Truth Of Entrepreneurship Soko Directory Team
Headlines Are The SACCOS The Infinite Money Glitch Of Kenya? Soko Directory Team
Government and Policy Saccos Clamp Down On Struggling Businesses, Recover Sh491 Million In A Ruthless Crackdown Soko Directory Team
Entrepreneur's Corner The Greatest Skill Everyone Should Master Is The Skill Of Knowing How To Manage Money Soko Directory Team
Related Articles
Commodity Watch What Led To The Dropping Of The Price Of Super Petrol By Ksh 7? Juma
Commodity Watch Kenyans To Pay More For Tomato As Prices Spike Getrude Mathayo
Commodity Watch NCPB To Buy 90Kg Bag Of Maize At Ksh 4000 From Farmers Getrude Mathayo
Commodity Watch Government To Buy 1 Million Bags Of Maize At Ksh 4000 Per Bag Getrude Mathayo
Commodity Watch Maize Prices Continues To Drop, 2-Kg Tin At Ksh 80 In Bungoma Getrude Mathayo
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives