Oil climbs on surprise US crude stocks decline - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Tuesday, 9 November 2021

Oil climbs on surprise US crude stocks decline

Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell last week just as near term travel demand picked up with pandemic curbs easing. U.S. West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.3%, to $84.38 a barrel at 0132 GMT, adding to a 2.7% gain on Tuesday.

from Commodities-Markets-Economic Times
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