Oil prices post solid growth prior to release of key data


  • World
  • Wednesday, 12 Apr 2023

NEW YORK, April 11 (Xinhua) -- U.S. oil prices saw material growth on Tuesday, thanks to the softening of the U.S. dollar and a benign expectation on weekly U.S. oil inventory data.

The West Texas Intermediate (WTI) for May delivery gained 1.79 U.S. dollars, or 2.24 percent, to settle at 81.53 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery picked up 1.43 dollars, or 1.70 percent, to settle at 85.61 dollars a barrel on the London ICE Futures Exchange.

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