Oil Gains as Industry Report Shows Unexpected Cut in U.S. Supply

Oil Gains as Industry Report Shows Unexpected Cut in U.S. SupplyFutures in New York climbed almost 1 percent from the close in after-hours trading on Tuesday. The move came after the American Petroleum Institute was said to report domestic crude inventories declined 2.58 million barrels last week, even as analysts had predicted an increase. “These are clearly bullish numbers, and if reinforced it will be more bullish," said James Williams, president at WTRG Economics in London, Arkansas.




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