Oil price rises amid data on decline in U.S. crude inventories


December 4, Fineko/abc.az. Prices for oil are growing on Wednesday amid the data on the decline of U.S. crude inventories.

According to the American Petroleum Institute, U.S. crude inventories fell by 3.72 million barrels in the week ended on 29 November.

At the end of trading on 3 December at the London ICE Futures Exchange, the price of February’s Brent futures fell by $0.10 (0.16%) to $60.82 per barrel. Their price rose by $0.47 (0.77%) up to $61.29 per barrel by 9:20 am.

Following the trading on 3 December WTI futures for January at the New York Mercantile Exchange (NYMEX) increased in price by $0.14 (0.25%) up to $56.10 per barrel. Its price grew by $0.40 (0.71%) up to $56.5 per barrel by 9:20 am.