Crude oil gained after a report from the Energy Information Administration showed a steeper than expected weekly drop in crude oil inventories.
The report said crude oil inventories tumbled by 4.9 million barrels
Iraqi Oil Minister Thamer Ghadhban said OPEC members were leaning towards approving deeper oil output cuts at a meeting and no member was talking about increasing production.
Crude oil inventories in the U.S. fell by more than expected last week, according to the industry group American Petroleum Institute.
No comments:
Post a Comment