Oil prices rises in U.S.| MENAFN.COM

Monday, 06 February 2023 02:11 GMT

Oil prices rises in U.S.

(MENAFN) Oil prices rose after U.S. oil inventories unexpectedly declined as refiner raised output among threats from Turkey of cutting crude exports from Iraq, which increased the balance of Brent benchmark after the previous session.

November delivery for Brent was up 29 cents, or 0.5 percent, at USD58.7 a barrel, it stabled at 1 percent on Tuesday, after reaching USD59.49 a barrel, which marks the highest price since July 2015.


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