Oil prices nudge up after API data shows surprise drop in US stocks - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 8 February 2022

Oil prices nudge up after API data shows surprise drop in US stocks

Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $89.47 a barrel, up 11 cents, or 0.1%.

from Commodities-Markets-Economic Times
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