Oil rises on falling US stockpiles

Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm.

The post Oil rises on falling US stockpiles appeared first on TODAY.NG.

CONTINUE READING»

Stay up-to-date

Subscribe now for weekly news headlines roundup delivered directly to your inbox.

Thank you for subscribing.

Something went wrong.