Oil prices jump after big draw in U.S. inventory
0 Comment(s)
Print
E-mail Xinhua, September 16, 2021
NEW YORK, Sept. 15 (Xinhua) -- Oil prices surged on Wednesday after data showed a hefty drop in U.S. crude stockpiles.
The West Texas Intermediate for October delivery added 2.15 U.S. dollars to settle at 72.61 dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery increased 1.86 dollars to close at 75.46 dollars a barrel on the London ICE Futures Exchange.
U.S. crude oil inventories decreased by 6.4 million barrels during the week ending Sept. 10, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.
Analysts surveyed by S&P Global Platts had forecast the U.S. crude inventories to show a fall of 3.5 million barrels.
According to the EIA, total motor gasoline inventories decreased by 1.9 million barrels last week, while distillate fuel inventories decreased by 1.7 million barrels. Enditem
Go to Forum >>0 Comment(s)