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US oil prices climb amid drop in stockpiles, strong gasoline demand

Updated : September 20, 2018 08:00 AM IST

US West Texas Intermediate crude for October delivery was up 31 cents, or 0.4 percent, at $71.43 a barrel by 0018 GMT, after settling up $1.27.
Front-month London Brent crude, for November delivery, was down 2 cents at $79.38, having ended up 37 cents.
US crude oil stockpiles fell for a fifth straight week to 3-1/2 year lows in the week to September 14, while gasoline inventories also showed a larger-than-expected draw on unseasonably strong demand, the Energy Information Administration said on Wednesday.
US oil prices climb amid drop in stockpiles, strong gasoline demand
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