Crude Gets Boost From U.S. Stockpile Data

Stockpiles fell unexpectedly by 1.8 million barrels last week

Crude Oil: $52.05 barrel, Natural gas: 3.059/MMBtu, Gold:$1285.10 per troy oz


Oil prices largely held on to their gains on Thursday on reports that U.S. crude stockpiles declined, despite some profit-taking from investors who cashed in on the recent rally.

Brent crude, the global oil benchmark, rose 0.40% to $58.14 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.15% at $52.22 a barrel.

Oil prices have been climbing in the…Read More.

 Resource: WSJ

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