Oil Hits Two-Year Highs as U.S. Stockpiles Drop - News Summed Up

Oil Hits Two-Year Highs as U.S. Stockpiles Drop


Oil prices rose to the highest level in more than two years Wednesday, boosted by a drop in U.S. crude stockpiles. Light, sweet crude for January delivery gained 96 cents, or 1.7%, to $57.79 a barrel on the New York Mercantile Exchange, on track for the highest close since June 2015. Brent, the global benchmark, advanced 50 cents, or 0.8%, to $63.07 a barrel.


Source: Wall Street Journal November 22, 2017 05:50 UTC



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