Oil advanced on US inventories reports
Oil advanced on US inventories reports
International benchmarks for crude oil cautiously moved higher on Wednesday, 26 May 2021 after reports from the EIA that showed a drop of 1.7 million barrels in the US crude inventories by the week ending 21 May 2021.
Brent gained 22 cents to $68.87/barrel.
WTI settled 14 cents higher at $66.21/barrel.