Oil prices up after unexpected drop in US stocks
ANKARA - Oil prices increased on Wednesday, spurred by data showing a decline in United States oil stocks. International benchmark Brent crude was trading at $90.94 per barrel at 0615 GMT with a 0.18-percent gain after closing the previous session at $90.78 a barrel. American benchmark West Texas Intermediate (WTI) traded at $89.51 per barrel at the same time for a 0.17-percent rise after it ended the previous session at $89.36 a barrel. Crude inventories fell by 2 million barrels against expectations of a 400,000-barrel increase, according to American Petroleum Institute figures released late...
Source: philippinetimes.com