By Srinivas Chowdary Sunkara // petrobazaar // 10-01-18
CRUDE PRICE TODAY
Crude oil prices are boosted today. U.S crude oil futures rose above 0.5% while Brent futures rose by 0.189%. API reported a hefty drawings against forecast of 3.9 million barrels per day. Oil prices have risen more than 13 percent since early December. OPEC production cuts, Inventory drawings, flow of investments through equity markets extending support to Brent oil.
WTI AND BRENT PRICE TREND
U.S oil grade WTI futures to be delivered in February rose by 31 cents or 0.492 percentage at $63.27 per barrel on Nymex while Brent futures for March delivery spiked by 6 cents or 0.087 percentage $68.88 per barrel on London based ICE Europe exchange.