Oil prices rose on Wednesday after an industry report showed that crude stockpil...
TOKYO - Oil prices rose on Wednesday after an industry report showed that crude stockpiles in the U.S. fell last week by more than twice the amount that analysts had forecast.
Prices had ended lower on Tuesday, squeezed by speculation of a return of sanctions-hit Iranian crude exports to the market following United States President Donald Trump’s move to fire national security adviser John Bolton, a noted Iran policy hawk. [nZXN04O700] The API numbers showed crude inventories fell by 7.2 million barrels in the week ended Sept. 6 to 421.9 million, compared with analysts’ expectations of a decrease of 2.7 million barrels. [API/S]
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