Oil prices today rose as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020.
In intra-day trade, Brent crude prices were trading around 75 dollars per barrel. WTI crude prices were trading around 72 dollars and 70 cents per barrel.
Brent topped 75 dollar a barrel for the first time in more than two years in June, but fell back sharply earlier this month on fears about the rapid spread of the Delta variant and a compromise deal by leading OPEC producers to increase supply.
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