Crude Oil Prices Gain In Asia With API Estimates Awaited
Wednesday,
17-Jan-2018
09:20 AM (IST)
Oil prices gained in Asia on Wednesday ahead of US industry weekly estimates on crude and refined product inventories and overcoming dips overnight.On the New York Mercantile Exchange WTI crude futures for January delivery rose 0.28% to $63.91 a barrel, while on London's Intercontinental Exchange, Brent gained 0.06% to $69.33 a barrel.Overnight, crude oil prices eased from three-year highs on profit taking but remained well supported amid expectations OPEC-led output curbs would further tighten global supplies offsetting rising US production.
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