US oil price rises amid mixed data

New York, Feb 19 (IANS) The US oil price edged up on Thursday as the country’s crude data came out mixed.

The US crude supplies of last week added 2.1 million barrels to 504.1 million barrels, 78.5 million barrels more than one year before, according to the weekly report of the US Energy Information Agency (EIA) on Thursday.

Inventories at Cushing, Oklahoma, the delivery point for the US contract, gained 30,000 barrels to 64.73 million barrels, Xinhua news agency reported.

In the meantime, EIA report showed that the US crude production lost 51,000 barrels to 9.135 million barrels a day last week.

The West Texas Intermediate for March delivery moved up 11 cents to settle at $30.77 a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 22 cents to close at $34.28 a barrel on the London ICE Futures Exchange.

Related Posts

Leave a Reply