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Oil Prices Rise Amid Falling U.S. Crude Inventories


Thursday, 14 November 2019 13:46 WIB

Minyak WTI


Oil prices gained on Thursday in Asia after the American Petroleum Institute (API) reported that U.S. crude inventories fell last week.

U.S. Crude Oil WTI Futures rose 0.7% to $57.51 by 1:08 AM ET (05:08 GMT). International Brent Oil Futures also gained 0.6% to $62.77.

The API reported that crude inventories fell by about 500,000 for the week ended Nov. 8.

Crude oil prices popped 1.11% following the report after settling 0.6% higher.

Analysts are expecting that the Energy Information Administration’s government data will show a rise of 1.65 million barrels in crude stocks for the week ended Nov. 8.

Source: Investing.com


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