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Crude oil prices rise as US supply marks unprecedented weekly decline

Crude oil prices rise as US supply marks unprecedented weekly decline
2020-07-02T11:15:27+00:00

Shafaq News / Oil prices continued to rise today, Thursday, after US data showed an unexpected, sharp drop in crude oil stocks.

In addition, US West Texas Intermediate crude futures increased by 0.13% to $ 39.87/barrel.

The Energy Information Administration said yesterday, that crude oil stocks in the United States dropped last week to 533.5 million barrels, compared to analysts' expectations about a decrease of 710 thousand barrels.

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