Oil Prices Rise Ahead Of US Inventory Data

Dubai – ( Massader News)

Oil prices rose on Tuesday, and Brent crude futures rose by 0.7% to $ 66.52 a barrel ahead of preliminary US inventory data, according to a report published by Mubasher.

The price of NYMEX crude futures was up to $ 62.56 a barrel, byr 0.8%.

US crude was down about 0.5% in yesterday’s session amid concerns about oversupply as production increased and drilling activity in the United States increased.

Investors are waiting today for the US Petroleum Institute’s announcement of preliminary inventory data for last week, according to Mubasher.

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