Oil gains as US crude stocks fall to lowest in over three years
Updated : July 26, 2018 06:38 AM IST
US crude inventories fell 6.1 million barrels in the week to July 20, data from the US Energy Information Administration showed, to 404.9 million barrels, their lowest since February 2015. Analysts had expected a decrease of 2.3 million barrels.
Brent crude futures rose 70 cents, or 1 percent, to $74.14 a barrel by 12:41 p.m. EDT (1641 GMT).
US West Texas Intermediate (WTI) crude rose $1.06 to $69.58 a barrel, a 1.6 percent gain.
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