Saturday 23 September 2017
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thefinancialexpress
1 months ago

Oil prices rise on inventory drop

Oil prices rose on Wednesday, lifted by declining US crude inventories, although markets were still restrained by general oversupply. The market focus was turning to the release of official Energy Information Administration data due later on Wednesday for a further update on inventories, reports Reuters. Brent crude futures LCOc1 were at $51.07 per barrel at 0620 GMT, up 27 cents or 0.5 per cent from their last close. US West Texas Intermediate (WTI) crude futures CLc1 were at $47.75 a barrel, up 20 cents,

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