Mubasher: Oil future settles higher on Wednesday, as US crude oil inventories declined.
October Nymex WTI went up by $0.85, or 1.6%, to close at $55.78 per barrel.
The Energy Information Administration (EIA) stated that crude oil stockpiles in the US plunged by 10 million barrels to 427.8 million barrels in the week ended 23 August.
Source:
Mubasher
