Oil prices up on lower US stock and US refinery fire
Brent and WTI hit their highest levels since the end of May, while a Philadelphia refinery could shut down permanently after a massive fire
26 June 2019 - 12:51
London — Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the US East Coast and industry data that showed US crude stockpiles fell more than expected.
Front-month Brent crude futures, the international benchmark, were up 84c at $65.89 a barrel by 9.48am GMT. They earlier touched their highest since May 31 at $66.25 a barrel. US West Texas Intermediate (WTI) crude futures were at $58.91 a barrel, up $1.08 from their last settlement. WTI earlier hit its highest level since May 30 at $59.13 a barrel...
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