Tag Archives: Oil prices rise to near $90/bbl on US crude stock drop

Oil prices rose on Wednesday as data showing a larger-than-expected United States crude drawdown last week outweighed concerns about lower demand from China. Brent crude futures rose $1.03, or 1.17 per cent, to $89.39 a barrel at 0941 GMT, while US West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.06pc, to $81.81 a barrel. US crude inventories fell …

Read More »