U.S. crude futures rose in early Asian trading on Thursday, recovering from a six week-low in the previous session when a large build in crude stockpiles at the contract's delivery point in Cushing, Oklahoma, weighed on the market.
U.S crude for February delivery was up 21 cents at $92.54 per barrel by 0037 GMT, after settling $1.34 lower on Wednesday.
Crude stocks at the oil hub in Cushing, Oklahoma, rose 1.1 million barrels in the week to Jan. 3, data from the U.S. Energy Information Administration (EIA) showed on Wednesday.
No comments:
Post a Comment