Oil prices rise as U.S. inventories drop


  • World
  • Thursday, 26 Nov 2020

NEW YORK, Nov. 25 (Xinhua) -- Oil prices rose on Wednesday after data showed an unexpected fall in U.S. crude stockpiles last week.

The West Texas Intermediate (WTI) for January delivery gained 80 cents to settle at 45.71 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery increased 75 cents to close at 48.61 dollars a barrel on the London ICE Futures Exchange.

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