Business Standard

Thursday, December 26, 2024 | 10:27 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Oil prices rise amid declining US inventories

Image

IANS New York

Oil prices rallied for a second session after government data showed the US oil stockpiles decreased last week.

The West Texas Intermediate for November delivery on Thursday added 98 US cents to settle at $46.32 a barrel on the New York Mercantile Exchange, while Brent crude for November delivery added 78 cents to close at $47.65 dollars a barrel on the London ICE Futures Exchange, Xinhua news agency reported.

--IANS

pgh/

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 23 2016 | 5:26 AM IST

Explore News