Thursday, 23 February 2017

Commodity Market Trading Tips; U.S. Oil Rises After Report Shows Drop In Stockpiles

U.S. oil futures rose nearly 1 percent on Thursday after data released by an industry group showed a surprise decline in U.S. crude stocks as imports fell, lending support to the view that a global glut is ending. The U.S. West Texas Intermediate crude April contract added 41 cents, or 0.8 percent, to $54.00 a barrel at 0011 GMT. Brent crude was yet to trade. It ended 82 cents, or 1.5 percent, lower at $55.84 a barrel on Wednesday.

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