Oil prices rise on lower US inventories and storm in the Gulf
Producers begin evacuating Gulf of Mexico rigs; US stocks drop, even as EIA predicts US will hit production of 12.36-million bpd in 2019
10 July 2019 - 12:52
London — Oil prices rose about 2% on Wednesday after industry data showed US inventories fell more than expected, while major US producers evacuated rigs in the Gulf of Mexico ahead of a storm.
US West Texas Intermediate (WTI) crude futures climbed $1.13 to $58.96 by 9.47am GMT, after hitting a session high of $59.18. Brent crude futures were up $1.14 at $65.30, down from a session high of $65.47...
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