Fetching News Details
Oil prices jumped in the international market on Wednesday after data showed a sharp decline in US crude stockpiles last week, beating the Reuters poll by a huge margin. Brent crude futures LCOc1 climbed 0.6%, to $62.89 a barrel. US WTI futures CLc1 were traded 0.9% higher, at $57.94 a barrel. Numbers released by API showed a slump of 7.2 million barrels in US crude inventories to 421.9 million barrels.