Oil climbs after industry data shows U.S. inventory draw

Oil climbs after industry data shows U.S. inventory draw
 

Oil prices rose in mixed trading on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains.
Brent crude rose 24 cents to $46.21 a barrel as of 0502 GMT after settling down $1.38, or 2.9 percent.
U.S. West Texas Intermediate (WTI) crude was up 11 cents at $44.79 a barrel after climbing as high as $45.09 in earlier trading. The benchmark ended down $1.26, or 2.7 percent, in the previous session.
Members of the Organization of the Petroleum... read more

 
28 September 2016 in Business, Views: 38
Source: Reuters
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