Oil jumps as US crude inventories fall

New York — Oil scored a second straight day of solid gains Wednesday as US crude inventories fell much more than expected and Brexit fears receded.

Oil prices advanced on easing worries about Britain’s vote to leave the European Union and its impact on the global economy.

The gains accelerated after the US Department of Energy reported the country’s commercial crude inventories fell by 4.1 million barrels to 526.6 million barrels in the week ending June 24.

Read more here.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s