Motilal Oswal
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Motilal Oswal
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Oil edges up for third session on Mideast tensions

Updated : May 16, 2019 12:21 PM IST

Brent crude futures were at $72.18 a barrel at 0612 GMT, up 41 cents, or 0.6 percent, from their last close. Brent closed up 0.7 percent on Wednesday.
US West Texas Intermediate (WTI) crude futures were at $62.40 per barrel, up 38 cents, or 0.6 percent, from their previous settlement. WTI closed up 0.4 percent in the last session.
US crude inventories rose unexpectedly last week to their highest since September 2017, while gasoline stockpiles decreased more than forecast, the Energy Information Administration (EIA) said.
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