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Oil continues to rise due to lower US crude stocks

The Address | Benghazi – Libya

TOKYO – Oil prices continued to rise Wednesday, supported by oil sector data showing a surprise drop in US crude stocks, as geopolitical tensions over the disappearance of Saudi journalist Jamal Khashoggi provoked supply concerns.

US WTI rose 25 cents, or 0.4 percent, to $ 72.17 a barrel after rising 14 cents on settlement.

London Brent crude <LCOc1> was up 26 cents, or 0.3 percent, at $ 81.67 a barrel after adding 63 cents to settle at the previous session.

Source: Reuters

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