Crude oil market hit the highest levels since March after US inventories reports
Crude oil market hit the highest levels since March after US inventories reports
International benchmarks for crude oil gained more than 1% to hit an eight-week high on Wednesday, 12 May 2021 after reports showed a decline in US crude inventories last week while exports plunged, signaling the reviving local demand.
Brent gained 77 cents or 1.11% to $69.31/barrel.
WTI gained 80 cents or 1.21% to $66.08/barrel.