Oil rises as US inventory declines heighten supply concerns
- Posted on January 16, 2025
- By Business News Today
- 2 Views
Oil rises as US inventory declines heighten supply concerns
Brent crude futures rose 30 cents, or 0.4%, to $82.33 per barrel by 0120 GMT, after rising 2.6% to its highest since July 26 in the previous session. U.S. West Texas Intermediate crude futures rose 32 cents, or 0.4%, to $80.36 a barrel after gaining 3.3% on Wednesday, reaching its highest since July 19.
