Oil prices climb ahead of U.S. inventories data
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E-mail Xinhua, September 23, 2020
NEW YORK, Sept. 22 (Xinhua) -- Oil prices rose on Tuesday as traders awaited the U.S. crude stocks data.
The West Texas Intermediate (WTI) for October delivery gained 29 cents to settle at 39.60 U.S. dollars a barrel on the New York Mercantile Exchange. The October contract expired at the end of the Tuesday's session. The new front-month contract, November WTI crude, settled 26 cents higher at 39.80 dollars a barrel.
Brent crude for November delivery increased 28 cents to 41.72 dollars a barrel on the London ICE Futures Exchange.
The U.S. Energy Information Administration (EIA) is scheduled to release the nation's weekly crude stockpiles data on Wednesday. Analysts polled by S&P Global Platts expect the EIA to report a fall of 4 million barrels in U.S. crude inventories for the week ending Sept. 18. Enditem
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