0929 ET - Oil futures are slightly higher after a string of losses amid uncertainty about the impact of possible tariffs and sanctions under the Trump administration. The market is likely to turn its focus to U.S. inventory data for last week from the EIA. The API reported a 1 million barrel build in crude stocks, analysts note, and further increases in product inventories. Analysts in a Wall Street Journal survey expect a drawdown in crude stockpiles of 500,000 barrels. WTI is up 0.3% at $75.66 and Brent is 0.3% higher at $79.26 a barrel. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
January 23, 2025 09:29 ET (14:29 GMT)
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