Oil Prices Rise


Baghdad Oil prices recorded a big jump, on Wednesday, after industrial data showed that stocks of crude and American products fell more sharply than expected last week.

Brent crude futures rose 30 cents, or 0.39 percent, to $73.81 a barrel.

US West Texas Intermediate crude futures rose 38 cents, or 0.53 percent, to $72.03 a barrel.

Data from the American Petroleum Institute industry group showed that US crude stocks fell by 4.7 million barrels for the week ending, gasoline stocks decreased by 6.2 million barrels, and distillate stocks decreased by 1.9 million barrels.

Source: National Iraqi News Agency