27/09/2017 16:36 AST

Crude oil prices were flat Wednesday morning, holding recent gains after industry data showed a surprise drop in US crude oil inventories.

Domestic stockpiles fell by 761,000 barrels at the end of last week, the American Petroleum Institute (API) estimated Tuesday, compared with a 2 million barrels build expected.

The EIA is out with the government's official data this morning at 10:30 am ET.

WTI light sweet crude oil was up 1 cent at USD51.90 a barrel, having touched the highest since April.

On the economic front, the Commerce Department's Durable Goods Orders for August will be issued at 8.30 am ET. The economists are looking for growth of 1.5%.

The National Association of Realtors' Pending Home Sales Index for August will be published at 10.00 am ET. The consensus is for a decline of 0.2%, narrower than 0.8% in the prior month.


RTT News

Ticker Price Volume
QNBK 195.97 171,802
SABIC 119.80 3,421,015
ALMARAI 46.30 256,570
SACCO 46.80 192,107
STC 83.50 164,990
JARIR 142.40 76,382
APPC 49.15 167,455
(In US Dollar) Change Change(%)
Brent 66.76 0.14 0.21
WTI 56.46 0.0000 0.0000
OPEC Basket 65.28 0.77 1.19
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