Oil prices rise despite U.S. crude stockpiles gain
Xinhua, February 9, 2017 Adjust font size:
Oil prices settled mildly higher Wednesday even though official data showed a big increase in U.S crude inventories last week.
The West Texas Intermediate for March Delivery added 0.17 dollar to settle at 52.34 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery edged up 0.07 dollar to close at 55.12 dollars a barrel on the London ICE Futures Exchange. Enditem