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Oil Holds Gain After Biggest Drop in US Stockpiles in Two Months

Oil Holds Gain After Biggest Drop in US Stockpiles in Two Months

Bloomberga day ago
Oil held a gain after US crude stockpiles shrunk the most since mid-June, keeping inventories well below the seasonal average.
West Texas Intermediate traded near $63 a barrel after rising more than 1% on Wednesday. Brent closed below $67. Nationwide holdings dropped by 6 million barrels last week, according to the Energy Information Administration. Gasoline stockpiles also declined for a fifth straight week.
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