Oil Rises Ahead of Expected Fall in U.S. Gasoline Stocks

Prices have climbed this week as some U.S. Gulf Coast refineries restarted operations

Crude Oil: $49.14 barrel, Natural gas: 3.008/MMBtu, Gold:$1339.00 per troy oz


News:

Oil prices edged higher Thursday ahead of U.S. stocks data, which is expected to show a sharp fall in gasoline inventories after tropical storm Harvey caused refinery shutdowns in Texas.

Brent crude, the global oil benchmark, rose 0.8% to $54.63 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.2% at $49.24 a barrel.

Oil prices have climbed this…Read more.

 Resource: WSJ

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