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US Data Could Not Contain the Rise in Oil Prices


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Oil prices rose in trading today, Thursday, despite an unexpected decline in US oil inventories.

By 15:20 Moscow time, futures for US West Texas Intermediate crude rose 0.26% to $76.86 per barrel.

At the same time, futures for Brent crude rose by 0.31% to $82.92 per barrel, according to Bloomberg data.

U.S. Energy Information Administration data released on Wednesday showed oil inventories fell by 1.7 million barrels last week. This is the first drop in black gold stocks in the US this year.

Source: RT + Bloomberg

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