Oil rises after bigger-than-expected fall in US stocks
Brent gains ground after report shows that US crude stockpiles fell last week by more than twice the forecast amount
11 September 2019 - 07:49
Tokyo — Oil prices traded higher on Wednesday after an industry report said US crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast.
Brent crude futures rose 51c, or 0.6%, to $62.89 a barrel by 4.05am GMT, while West Texas Intermediate (WTI) futures were up 54c, or 0.9%, to $57.94 a barrel...
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