Global crude oil prices edged up, today, after two consecutive days of losses, with gains capped by returning supplies from Nigeria and Libya. Brent crude oil futures were up 38 cents, trading at 46.23 dollars per barrel. U.S. crude were up 25 cents, at 43.83 dollars a barrel. Crude prices fell about 3 percent for a second straight day, yesterday, following a 4.6 million barrel build-up in U.S. distillates inventories. This put distillate stocks at six-year seasonal highs. But U.S. crude inventories dropped. Crude prices have fallen by around 8 percent in the last five trading sessions, including on expectations of a return of crude supplies from Libya and Nigeria, hit by months of unrest.
News On AIR | September 15, 2016 6:02 PM
Global crude oil prices edge up today