• Brent is holding above 61 dollars and a decline in American inventories


    ​Data from the American Petroleum Institute showed that crude oil inventories in the United States recorded an unexpected drop last week.

    This comes at a time when oil prices witnessed a slight decline at the beginning of trading yesterday (Wednesday), as Brent crude futures fell 0.33% to 61.02 dollars a barrel, while US crude fell 0.22% to 58.23 dollars a barrel.
    Brent contracts registered at the settlement at 61.09 dollars a barrel, up 53 cents, or 0.88%, and US West Texas Intermediate crude futures rose 39 cents, or 0.67%, to settle at $ 58.36 a barrel.

    Crude stocks fell by 3.5 million barrels in the week ending on the fifth of February, to about 474.1 million barrels.​

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