Oil prices inch up on large US crude stock draw
Wed, Jul 3, 2024 8:44 AM

Oil prices inch up on large US crude stock draw

A Flip by Riya Sharma
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Brent crude oil futures rose 16 cents to $85.60 per barrel, while US West Texas Intermediate crude futures increased 14 cents to $82.95 per barrel, driven by a larger-than-expected 9.163 million-barrel draw in US crude stockpiles. Analysts had expected a 700,000-barrel draw. The decline in inventories boosted hopes for solid fuel demand during the summer driving season.

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