scorecardresearchOil Extends Gains After US Crude Stockpiles Drop, Exports Soar

Oil Extends Gains After US Crude Stockpiles Drop, Exports Soar

Updated: 28 Jul 2022, 07:45 AM IST
TL;DR.
Oil extended gains after a big draw in US crude inventories, while the prospect of a slower pace of interest-rate hikes from the Federal Reserve swept across markets, buoying commodities.
FILE - A pump jack extracts crude oil at an oil field near wind turbines in Emlichheim, Germany, March 18, 2022. Most major countries are finding it easier to promise to fight climate change than actually do it. Experts tracking action to reduce carbon emissions say of the major economies only the European Union is close to doing what's necessary to limit global warming to a few more tenths of a degree. (AP Photo/Martin Meissner, File)

FILE - A pump jack extracts crude oil at an oil field near wind turbines in Emlichheim, Germany, March 18, 2022. Most major countries are finding it easier to promise to fight climate change than actually do it. Experts tracking action to reduce carbon emissions say of the major economies only the European Union is close to doing what's necessary to limit global warming to a few more tenths of a degree. (AP Photo/Martin Meissner, File)