Crude inventories fall: oil rises

22-Jul-11
September Brent crude contract has risen by over a dollar to US$110 per barrel. The Department of Energy has reported a much larger-than-expected draw in crude oil inventories for the week ended Jul. 15- by 3.7 million barrels from the previous week compared with the pull of 1.3 million barrels expected. On Tuesday, the American Petroleum Institute reported that crude inventories fell 5.2 mln barrels. A weakening dollar also helped lift oil prices.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha