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Oil Retailers Extend Losses After Crude Hits Three-Year High

Gold Silver Reports (GSR) Crude Oil Retailers Extend Losses After Crude Hits Three-Year High – Shares of oil retailers were trading lower for second day in a row after crude oil prices in international markets rose to levels last seen in 2014.

Futures in New York jumped 2 percent on Wednesday. Saudi Arabia, the world’s biggest oil exporter, intercepted a missile attack over the kingdom’s capital just hours after U.S. President Donald Trump warned American missiles soon may strike Syria. A U.S. government report on expanding domestic oil inventories barely fazed traders caught up in the rush of world events.

✅ Hindustan Petroleum fell 2.2 percent

✅ Bharat Petroleum fell 2 percent

✅ Indian Oil fell 1 percent