Off the wire
• Nigeria attributes delayed trials to poor investigation  • Police foil bomb attack on police station in southern Somalia  • Most scientists want Britain to stay in EU: Nature poll  • Urgent: At least 4 killed in car bomb attack in Mogadishu  • Tanzania, Kuwait seal pact on introducing direct flights  • Number of home burglaries in Germany increases to record high: report  • Nigeria's soccer chief admits Super Eagles failure  • Belarus aims for more cooperation with U.S  • Lithuania to receive hundreds of German rotational forces  • 1st LD Writethru: Gold down ahead of U.S. jobs report  
You are here: 　 Home

Crude prices edged up as U.S. dollar tumbles

Xinhua, March 31, 2016 Adjust font size:

Oil prices rose Wednesday as the U.S. dollar depreciated against other currencies.

A weaker greenback made the dollar-priced crude less expensive and more attractive for buyers holding other currencies.

U.S. crude supplies gained 2.3 million barrels to 534.8 million barrels last week, 63.4 million barrels more than one year before, according to the weekly report released by the Energy Information Administration (EIA) Wednesday.

The increasing output from U.S. dragged the market. Crude production of the country gained 10,000 barrels to 9.078 million barrels a day last week, according to the EIA.

The West Texas Intermediate for May delivery moved up 4 cents to settle at 38.32 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 12 cents to close at 39.26 dollars a barrel on the London ICE Futures Exchange. Endit