The Traderszone Network

Published in TZ Latest News 16 December, 2015 by The TZ Newswire Staff

Crude rises after U.S. fed rate hike, gains limited

Crude futures rose in Asian trade on Thursday recouping some of the losses from the previous session, when they fell sharply after the Federal Reserve raised rates and official figures showed a surprise build in U.S. inventories. The global benchmark fell $1.34 to $37.39 the previous session. U.S. crude stocks increased last week as imports into the Gulf Coast rose, data from the Energy Information Administration (EIA) showed on Wednesday, surprising analysts who expected inventories to decline.