Brent Crude Rises Above $97 a Barrel on the Back of Declining US Inventories

  • International
  • 28 September 2023
1

Oil prices rose in early Asian trading on Thursday after climbing to a 2023 high in the previous session, as fears of tight global supplies worsened amid a sharp drop in U.S. crude inventories.

Brent crude futures rose 0.78 percent, or 75 cents, to $97.3 a barrel. U.S. West Texas Intermediate crude futures rose 0.96 percent, or 90 cents, to $94.58. Government data showed U.S. crude inventories fell by 2.2 million barrels last week to 416.3 million barrels.

Source (Al-Arabiya.net Website, Edited)

 

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