Oil Prices Rise; EIA Reports Larger-than-Expected Drop in U.S. Crude Inventories
Thursday, 18 July 2019 13:15 WIB | COMMODITY |MinyakWTIBrent

Oil prices rose on Thursday in Asia as data showed U.S. crude inventories fell more than expected last week.

U.S.Crude Oil WTI Futures inched up 0.1% to $56.84 by 11:56 PM ET (03:56 GMT). International Brent Oil Futures rose 0.3% to $63.87.

The Energy Information Administration said in its weekly report that crude stockpile was down by 3.12 million barrels in the week to July 12, compared to forecasts for a stockpile draw of 2.69 million.

Gasoline inventories unexpectedly rose 3.57 million barrels, compared to expectations for a draw of 0.93 million barrels, the report also showed.

Meanwhile, distillate stockpiles rose 5.69 million barrels, more than the expected 0.61 million gains.

Source : Investing.com

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