Brent Crude Prices rise - ZENMoney

Brent Crude Prices rose due to a surge in US gasoline to a four-month highs, fueled by refinery problems in the midst of the summer driving season and rising prices for ethanol credits. Data from the American Petroleum Institute showed thatUScrude oil inventories fell by 2.6mbdslast week, while stockpiles at Cushing, Oklahoma declined by 880,000bls. The market is awaiting cues from US EIA which is due out on Wednesday.

Source : Equity Bulls

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