Oil Prices Settle at a 4-Month High After a Weekly Drop in U.S. Crude Supplies
Thursday, 21 March 2019 02:22 WIB | COMMODITY |MinyakWTIBrent

Oil futures rallied Wednesday to settle at four-month highs after the Energy Information Administration reported a drop of 9.6 million barrels in domestic crude supplies for the week ended March 15.

April West Texas Intermediate oil which expired at the day's settlement, rose 80 cents, or 1.4%, to finish at $59.83 a barrel on the New York Mercantile Exchange, the highest for a front-month contract since November.

May WTI crude the new front-month contract, added 94 cents, or 1.6%, to $60.23.

Source : Market Watch

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