Oil prices rose today, Wednesday, after a sharp decline yesterday, and the increase came after the release of data indicating a decrease in crude oil inventories in the US.
By 08:11 Moscow time, futures for Brent crude rose by 0.78% to $94.06 per barrel.
Meanwhile, futures for US West Texas Intermediate oil rose 0.87% to $87.30 a barrel, according to trading data.
The American Petroleum Institute (API) reported that oil inventories fell by 448,000 barrels in the week ended August 12.
The institute’s report also showed that gasoline inventories fell by 4.5 million barrels over the same period, while distillate inventories fell by 759,000 barrels.
Official data from the US Energy Information Administration will be released later Wednesday.
Source: RT+Prime