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Oil prices rise after reports of decline in US crude stocks, Fed's comments on economy

Updated : November 14, 2019 08:27 AM IST

Oil prices rose on Thursday, extending gains from the previous session after an industry report showed a fall in US crude stockpiles last week adding to the positive comments by the US Federal Reserve head on the US economy.
On Wednesday, US West Texas Intermediate crude rose 20 cents, or 0.4 percent, at $57.32 a barrel by 0111 GMT, after rising 0.6 percent.
Brent futures surged  17 cents, or 0.3 percent at $62.54 a barrel, having risen 0.5 percent in the previous session.

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