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Oil rises to $ 56 a barrel
Date: 02/23/2017 11:55
Information / Baghdad ..
Oil futures rose nearly one percent on Thursday after data showed a surprise drop in US crude stocks with a decline in imports, supporting the view that the global supply glut ends.
By 0743 GMT, futures US crude rose WTI April delivery up 41 cents, equivalent to 0.8 percent to $ 54 a barrel.
Brent crude rose 40 cents or 0.7 percent to hit 56.24 dollars already allocated but both indices are still moving within narrow ranges.
The data from the American Petroleum Institute on Wednesday showed crude stocks fell 884 thousand barrels in the week ending February 17 to 512.7 million, while analysts expected increase of 3.5 million barrels. Finished / 25
http://almaalomah.info/2017/02/23/economic/133290
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