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Oil prices rise over 1% after US crude, fuel stockpiles draw down

Brent crude rose 53 cents, or 1.3%, to $42.25 a barrel by 10:54 a.m. EDT (1454 GMT). US West Texas Intermediate crude gained 55 cents, or 1.4%, to $40.35 a barrel

Topics
Crude Oil Price | US crude oil

Reuters  |  New York 



Oil & gas, rig
US crude, gasoline and distillate inventories all fell last week, Energy Information Administration data showed

Oil rose more than 1% on Wednesday, supported by US government data that showed crude and fuel inventories dropped last week, although concerns about the ongoing pandemic capped gains.

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First Published: Wed, September 23 2020. 21:17 IST

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