Oil Prices Rise As Waiting For Inventory Data

Dubai – (Massader News)

Oil prices rose on Wednesday, and Brent crude futures rose by 0.4% to $ 58.65 a barrel, as waiting for inventory data and a decline were expected, according to a report published by Mubasher.

Nymex crude futures rose by 0.6% to $ 52.17 a barrel.

The Petroleum Institute expected US inventories to fall by 761,000 barrels during the week ended September 22.

The Energy Information Administration is due to announce later today US inventory data.

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