Oil prices rebound after U.S. inventory data
Xinhua, May 3, 2017 Adjust font size:
Oil prices rallied Wednesday after official data showed that U.S. crude stockpiles fell for a fourth straight week.
The West Texas Intermediate for June delivery rose 0.16 U.S. dollar to settle at 47.82 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery increased 0.33 dollar to close at 50.79 dollars a barrel on the London ICE Futures Exchange. Endit