Wednesday 17 July 2019

Oil prices gain, U.S. crude trails Brent after inventory data - Reuters

Oil prices gain, U.S. crude trails Brent after inventory data - Reuters:

Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less than expected.

West Texas Intermediate crude futures were up by 12 cents, or 0.2%, at $57.68 by 0636 GMT, having fallen 3.3% on Tuesday.

Brent crude futures were up 26 cents, or 0.4%, at $64.60. They ended down 3.2% in the previous session.

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