Oil Rises After Inventory Data

3 Aug 2017   Prices

Oil prices rose Wednesday after U.S. data showed that crude inventories continued to shrink and gasoline demand climbed to a record last week. U.S. crude futures settled up 43 cents, or 0.87%, to $49.59 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 58 cents, or 1.12%, to $52.36 a barrel on ICE Futures…

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