Markets move
Crude futures rose Brent 21 cents, or 0.3 percent, to $71.33 a barrel, by 0002 GMT. US West Texas Intermediate crude futures increased 22 cents, or 0.3 percent, to $67.43 per barrel.
Data from the American Petroleum Institute showed that Oil stocks Crude oil and fuel prices in the United States fell last week.
The data added that crude stocks fell by 573 thousand barrels in the week ending October 25. Stocks fell benzene 282 thousand barrels, while distillate stocks fell by 1.46 million barrels, according to Reuters.
Nine analysts polled by Reuters expected crude inventories to rise by 2.2 million barrels.
Official US government statements are scheduled to be issued later Wednesday.
The American Petroleum Institute report contributed to changing the course of prices after they fell by more than six percent in the previous two sessions.
Prices fell yesterday, Tuesday, when Barak Ravid, a correspondent for the Axios website on the
On Monday, prices lost about six percent after the strike launched by Israel on Iran over the weekend did not affect Tehran’s oil infrastructure.
