The rise in oil prices after US inventory drop

Views 14 Date 09/21/2016 - 13:09

Economy News / Continue ...

Oil prices rose on Wednesday, taking advantage of the decline in US stocks, and rising imports in Japan.

Rose WTI prices, futures, by 1.8 percent, rising 81 cents, to $ 44.86 a barrel, Bhlo at 04:03 GMT, while Brent crude oil prices have increased with 59 cents, to $ 46.47 a barrel.

According to Reuters quoted the American Petroleum Institute, the US oil inventories fell 7.5 million barrels, to 507.2 million barrels, to continue to decline for the third consecutive week.

The poll's customers for the oil market, revealed a different outlook, suggesting an increase in US oil inventories B3.4 million barrels.

And revealed the Japanese Ministry of Finance, on Wednesday, the high and the country's imports of crude oil, B0.5 percent during August, compared with the same month last year.

Japan imported, a fourth a net oil importer in the world 0.3380000 barrels each day, over the past month, according to Japanese data.

Content link