11/02/2021
Data from the American Petroleum Institute showed that crude oil inventories in the United States recorded an unexpected drop last week.
This comes at a time when oil prices witnessed a slight decline at the beginning of trading yesterday (Wednesday), as Brent crude futures fell 0.33% to 61.02 dollars a barrel, while US crude fell 0.22% to 58.23 dollars a barrel.
Brent contracts registered at the settlement at 61.09 dollars a barrel, up 53 cents, or 0.88%, and US West Texas Intermediate crude futures rose 39 cents, or 0.67%, to settle at $ 58.36 a barrel.
Crude stocks fell by 3.5 million barrels in the week ending on the fifth of February, to about 474.1 million barrels.
