Oil prices rise after a decline caused by a US report

UNITED STATES, WASHINGTON (OBSERVATORY) — Crude oil prices resumed their rally in Thursday’s trading, after recording a decline with the close of Wednesday’s session, driven by a US report showed unexpected growth in inventories.

The US Energy Information Administration said on Wednesday that crude inventories in the United States rose by 1.1 million barrels in the week ending September 13.

By 06:54 GMT, Brent crude for November delivery was up 0.14 percent, or 9 cents, at $ 63.69 a barrel.

US West Texas Intermediate crude for November delivery rose 0.26 percent, or 15 cents, to $ 58.19 a barrel.

Despite its rise today, it remains near the lowest levels in trading this week, after the price of a barrel to $ 71.9 in early trading on Monday.

Brent contracts jumped early in the weekly trading after missile attacks, claimed by the Houthi group, on two oil facilities belonging to the company “Saudi Aramco” in the east of the Kingdom.


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