Oil prices continue to rise after US data

Oil prices continue to rise in trading today, Thursday, for the third session in a row, and today the increase comes after yesterday’s data, which showed a decrease in crude oil inventories in the US.

By 13:10 Moscow time, futures for US West Texas Intermediate oil rose 0.17% to $95.05 per barrel.

Meanwhile, Brent futures rose 0.44% to $101.67 a barrel, according to Bloomberg.

Earlier, data from the Energy Information Administration showed that commercial oil inventories in the United States (excluding the strategic reserve) decreased by 3.3 million barrels, or 0.8%, to 421.7 million barrels by the end of last week.

Source: RT + Bloomberg

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