The US inventories of crude oil climbed 2.68 million barrels to327 million in the week ending April 29, and the gasoline stockpiles also rose 2.2 million barrels to 213.5 million.
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Crude Oil Continues Rising
Crude oil futures extended its rising for a second day Thursday as traders doubted that major producers
Crude oil futures extended its rising for a second day Thursday as traders doubted that major producers were able to meet growing demand late this year.
Crude oil futures for June delivery rose 70 cents to end at $50.83 per barrel on the New York Mercantile Exchange.
June contract Brent crude futures added 16 cents to settle at $51.13 a barrel on London's International Petroleum Exchange.
The US inventories of crude oil climbed 2.68 million barrels to327 million in the week ending April 29, and the gasoline stockpiles also rose 2.2 million barrels to 213.5 million.
The US inventories of crude oil climbed 2.68 million barrels to327 million in the week ending April 29, and the gasoline stockpiles also rose 2.2 million barrels to 213.5 million.
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