Oil Prices Climb Before U.S. Stockpile Data

Official figures are expected to show a decline in U.S. stocks

Crude Oil: $48.35 barrel, Natural gas: $3.000/MMBtu, Gold:$ 1262.70 per troy oz


Oil prices regained some ground on Thursday in anticipation of further falls in U.S. crude stocks, which may signal that production costs are affecting hefty global inventories.

Brent crude, the global oil benchmark, rose 1.1% to $51.30 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 1.3% at $48.93 a barrel. Read more.

Resource: WSJ

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