Oil prices climbed in Asian trade today as signs that a refineries strike in the US is weakening a rise in US crude stocks, analysts said.
US benchmark West Texas Intermediate (WTI) added 29 cents to $51.82 a barrel and Brent gained six cents to $60.61 in late-morning trade.
The US Department of Energy (DoE) yesterday said commercial crude inventories jumped by 10.3 million barrels in the week February 27, higher than analyst forecasts.
Inventories have set new records for five straight weeks, and US oil production is already high at 9.3 million barrels per day.
Mcx Cude Oil Tips: In Indian Commodity market crude Oil mar trend Bullish In trend market support crude oil at 3133 with immediate following resistance 3210-3257
US benchmark West Texas Intermediate (WTI) added 29 cents to $51.82 a barrel and Brent gained six cents to $60.61 in late-morning trade.
The US Department of Energy (DoE) yesterday said commercial crude inventories jumped by 10.3 million barrels in the week February 27, higher than analyst forecasts.
Inventories have set new records for five straight weeks, and US oil production is already high at 9.3 million barrels per day.
Mcx Cude Oil Tips: In Indian Commodity market crude Oil mar trend Bullish In trend market support crude oil at 3133 with immediate following resistance 3210-3257
0 comments:
Post a Comment