Oil prices surge on US crude decline

Mubasher: Oil prices increased in global markets after the US Energy Information Administration (EIA) said on Wednesday that the US crude stocks decreased last week.

Brent Crude grew 2.18% or $1.18 to $51.98 per barrel, while NYMEX crude went up by 2.42% or $1.18 to $49.87 per barrel.

Mubasher Contribution Time: 05-Oct-2016 19:05 (GMT)
Mubasher Last Update Time: 06-Oct-2016 07:11 (GMT)