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Lower US crude inventories elevate crude prices
June 20, 2018
Source: Reuters

Lower US crude inventories elevate crude prices

Reports of a drop in US crude oil inventory helped crude prices to rise up yesterday, amidst consistent decrease in crude rate. The weekly API report published yesterday showed that the US crude inventories slumped by 3 million barrel. This drove the crude rates as Brent crude futures LCOc1 were at $75.30 per barrel, up 0.3 percent, while WTI crude futures CLc1 were at $65.34 a barrel, up 0.4 percent.

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