Oil gains slightly

Crude oil prices gained slightly after the Energy Information Administration confirmed the API’s estimate of an inventory build for the week to February 25.

Crude oil inventories added 1.2 million barrels in the reporting period, the EIA said, adding that at 480.2 million barrels they were 9 percent above the five-year average for this time of the year.

A week earlier, the EIA estimated an inventory build of 7.6 million barrels for crude oil, following another one, of 16.3 million barrels, which was the result of data adjustment.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Oil prices steady as investors await key data

Oil prices were little changed on Tuesday as investors waited on data this week, including U.S. inflation indicators and a monthly report from the Organization of the Petroleum Exporting Countries. Brent crude futures fell 18 cents

Union Jack Oil

Union Jack Oil declares Dividend of 0.25 pence per share

Union Jack Oil plc (LON:UJO; OTCQB:UJOGF), a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced, further to its notification of 17 April 2024, the details of a dividend payable to shareholders. The

Union Jack Oil

Union Jack appoints Craig Howie as NED

Union Jack Oil plc has appointed Craig Howie as an independent non-executive director, with effect from 22 April 2024. He will be chairman of the audit committee and member of the remuneration committee when current NED