Crude Oil Gains After Big US Crude Stock Draw

CCrude Oil Gains After Big US Crude Stock DrawGold Silver Reports — Crude Oil Gains After Big US Crude Stock Draw — Crude Oil prices rose more than 1.5% on Thursday after US industry data showed a large drawdown in crude stocks, reflecting the impact of an Atlantic storm. US crude stocks fell by 12.1million barrels last week, data from the American Petroleum Institute showed, compared with expectations of an increase of about 200,000 barrels. Benchmark Brent crude oil was up 65 cents a barrel at $48.63 by 1220 GMT, after settling up 72 cents on Wednesday. — Neal Bhai Reports

Crude Oil Gains After Big US Crude Stock Draw

Crude Oil prices rose more than 1.5% on Thursday after US industry data showed a large drawdown in crude stocks, reflecting the impact of an Atlantic storm. US crude stocks fell by 12.1million barrels last week, data from the American Petroleum Institute showed, compared with expectations of an increase of about 200,000 barrels. Benchmark Brent crude oil was up 65 cents a barrel at $48.63 by 1220 GMT, after settling up 72 cents on Wednesday.

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