Oil prices jumped to a reduction in US fuel inventories, which is less likely to produce

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Oil prices rose more than 1 percent on Wednesday to increase the profit of the past few days as the US government has reduced its crude oil production for next year and that fuel supply fell.

Brent futures oil rose by 60 cents or 1.3 percent to $ 48.12 per barrel from 0657 GMT, while the American West Texas Intermediate (WTI) crude oil futures was $ 45.72 per barrel, The 68 cents or 1.5 percent.

“The oil price rose overnight … because the IT energy agency lowered the forecast for US production in 2018 and data API showed other large-scale inventories,” said William O’Loughlin, an investment analyst in Australian Rivkin securities…

 

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