Published 3 months ago

Relentless US crude stockpile decline spurs buoyant oil market

Summary by WION

Oil prices inched higher, extending their biggest daily gain in a month, as US crude stockpiles continue to decline. Brent crude jumped above $85 a barrel, rising 1.6 per cent Wednesday, while West Texas Intermediate traded just shy of $83. According to data from the Energy Information Administration, crude inventories in the US fell by 4.87 million barrels last week. It's the third straight week of declines and the lowest since February. While

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Relentless US crude stockpile decline spurs buoyant oil market

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