Jan 14, 2025 1:14 a.m.

Oil resume rally on unexpected fall in US crude inventories

Oil resume rally on unexpected fall in US crude inventories

Title

Available in

International benchmarks for crude oil resumed the uptrend on Wednesday, 9 February 2022 after reports that US crude inventories fell nearly 5 million barrels last week, underlining the strong demand and tightening supply. 

Brent gained 77 cents or 0.9% to close at $91.55/barrel.

WTI ended 33 cents higher to close at $89.66/barrel.