Crude oil prices increase as US inventories data are released

  • 24-03-2021, 20:57
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    Crude oil prices increased during trading on Wednesday, after the US inventory data was released, as the recent wave of incomes are ongoing.
    The price of futures contracts for NYMEX crude increased by 4.5% to $60.45 per barrel, while the price of future contracts for Brent crude increased by 4.5% to $63.58 per barrel.
    US Energy Information Administration announced an increase in crude oil inventories in the United States by 1.9 million barrels during the past week, and gasoline stocks rose during the same period.