Home ETFdb.com Inventories Fall and Demand Fears Ease, while Oil Spikes

Inventories Fall and Demand Fears Ease, while Oil Spikes

On Wednesday, oil prices were up more than 1% after the latest data from the U.S. Energy Information Administration revealed a steep fall in U.S. crude stockpiles. Brent crude futures were1.7% higher to reach a price of $60.52 a barrel while WTI crude futures were 1.5% higher to $55.75 a barrel.

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