Oil Prices Rise, Brent Hits $ 48.38 A barrel

Dubai – (Masaader News)

Oil prices rose on Thursday, after falling sharply yesterday after the announcement of the rise in US crude inventories.

  Brent crude futures rose 0.7% to $ 48.38 a barrel, while NYMEX crude futures rose $ 45.96 a barrel, up 0.5% after the Nymex fell below $ 46.

Data from the US Energy Information Administration showed yesterday that oil inventories rose by 3.3 million barrels during the week ending June 2

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