Oil Market Update

Crude-oil futures rose Wednesday, picking up more steam after a U.S. government-supply report showed an unexpected decline in crude inventories.

On the New York Mercantile Exchange, light, sweet crude futures for January delivery CLF5, +0.98%  rose 50 cents, or 0.8%, to settle at $67.38 a barrel.

January Brent crude LCOF5, +0.82%  on London’s ICE Futures exchange changed directions as the session progressed, ending the day down 62 cents, or 0.9%, at $69.92 a barrel.

No comments:

Post a Comment