Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook
Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook News18 3 hours ago © Provided by News18 Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC’s robust demand outlook, and as the shutdown of the biggest US fuel pipeline headed into a sixth day. US West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3%, to $65.49 a barrel at 0013 GMT, adding to a 36 cent rise on Tuesday. Brent crude futures climbed 15 cents, or 0.2%,...
Source: msn.com