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Oil prices jump despite rise in U.S. inventories Xinhua 22 Jul 2021, 06:44 GMT+10 NEW YORK, July 21 (Xinhua) Oil prices surged on Wednesday even after data showed an unexpected rise in U.S. crude stockpiles. The West Texas Intermediate for September delivery added 3.10 U.S. dollars, or 4.6 percent, to settle at 70.30 dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery increased 2.88 dollars, or nearly 4.2 percent, to close at 72.23 dollars a barrel on the London ICE Futures Exchange. U.S. crude oil inventories increased by 2.1 million barrels during the week ending July 16, the U.S. Energy Information Administration (EIA) said in a report on Wednesday. Analysts surveyed by S&P Global Platts had estimated the EIA publications to show a fall of 6.7 million barrels in U.S. crude supplies.

United statesCity ofUnited kingdomOrganization of the petroleum exporting countriesYork mercantile exchangeFutures exchangeXinhua oilUs energy information administrationNew york mercantile exchangeWest texas intermediateNew york mercantileInformation administrationPetroleum exporting countriesஒன்றுபட்டது மாநிலங்களில்நகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்