Oil prices steady despite rise in US crude stockpiles| MENAFN.COM

Friday, 28 January 2022 11:28 GMT

Oil prices steady despite rise in US crude stockpiles

(MENAFN- ProactiveInvestors)Brent crude held above US$45 per barrel on Wednesday despite a rise in US crude stockpiles. American crude inventories increased by 2.8mln versus analyst expectations for a 1.7mln rise to 543.4mln barrels last week according to government statistics. It comes after corresponding figures from the American Petroleum Institute showed a 1.3mln barrels rise in the surplus. In London trading Brent Crude was up 0.6% to US$45.27 while West Texas Intermediary crude futures changed hands at US$44.17 per barrel up 1.17%.

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