CRUDE OIL NEWS UPDATE

Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.U.S. West Texas Intermediate (WTI) crude oil futures were at $55.99 per barrel at 0600 GMT, up 49 cents, or 0.9 percent, from their last settlement.International futures were at $65.65 per barrel, up 44 cents, or 0.7 percent from their last close.U.S. crude oil inventories fell by 4.2 million barrels in the week to Feb. 22, to 444.3 million barrels, the American Petroleum Institute (API) estimated in a weekly report on Tuesday.

C/W @ 9720395000
www.commoditybazaar.co

Leave a Reply

Your email address will not be published. Required fields are marked *