Jul 28 2021, 8:11 AM
July 28 2021, 5:13 AM
July 28 2021, 8:11 AM
(Bloomberg) -- Oil resumed gains after an industry report pointed to a decline in U.S. fuel and crude stockpiles, adding to signs of a tightening market.
(Bloomberg) -- Oil resumed gains after an industry report pointed to a decline in U.S. fuel and crude stockpiles, adding to signs of a tightening market.
Futures in New York rose 0.7% to trade above $72 a barrel after slipping for a second session on Tuesday. The American Petroleum Institute reported gasoline inventories slid by 6.23 million barrels last week, according to people familiar with the figures. That would be the biggest draw in motor fuel stockpiles since March if confirmed by government data later Wednesday.