Oil Prices Rise on Lower U.S. Stockpiles - News Summed Up

Oil Prices Rise on Lower U.S. Stockpiles


• Oil prices edged higher Thursday on declining U.S. inventories--a trend that could continue as the summer-driving season approaches and refineries start boosting their crude intake. • West Texas Intermediate futures, the U.S. oil benchmark, ended 0.4% higher at $64.00 a barrel on the New York Mercantile Exchange. With markets closed Friday for the Good Friday holiday, oil prices ended the week 0.2% higher, marking a seventh straight weekly gain, the longest streak since February 2014.


Source: Wall Street Journal April 18, 2019 14:05 UTC



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