Oil Prices Tick Higher Ahead of API Report
Wednesday,
23-Jan-2019
04:52 PM (IST)
In commodities, oil prices ticked higher ahead of the release of fresh weekly data on U.S. commercial crude inventories.The American Petroleum Institute is due to release its weekly report for the week ended Jan. 18 at 4:30PM ET (21:30 GMT), amid expectations of a drop of about 435,000 barrels.U.S. West Texas Intermediate crude futures were up 46 cents, or around 0.9% at $53.48 a barrel.Meanwhile, international Brent crude oil futures rose 59 cents, or 0.95%, to $62.09 per barrel.
|