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According to Dow Jones on August 3, oil prices rebounded
on Thursday after hitting a six-week low.
West Texas Intermediate futures on the New York Mercantile Exchange rose 1.
9 percent to $68.
96 a barrel, and Brent crude futures rose 1.
5 percent to $
73.
45 a barrel.
Oil prices fell
on Wednesday night after the U.
S.
government reported an unexpected increase in U.
S.
crude inventories last week.
U.
S.
crude inventories rose by 3.
8 million barrels last week to 409 million barrels
.
Traders and analysts surveyed by The Wall Street Journal expected inventories to fall by 2.
2 million barrels on average
.
Kyle Cooper of ION Energy said traders' reactions to technical graphics partly drove oil prices
.
U.
S.
crude futures fell to around the 100-day moving average of around $67.
90/b before rebounding
.
According to Dow Jones on August 3, oil prices rebounded
on Thursday after hitting a six-week low.
West Texas Intermediate futures on the New York Mercantile Exchange rose 1.
9 percent to $68.
96 a barrel, and Brent crude futures rose 1.
5 percent to $
73.
45 a barrel.
Oil prices fell
on Wednesday night after the U.
S.
government reported an unexpected increase in U.
S.
crude inventories last week.
U.
S.
crude inventories rose by 3.
8 million barrels last week to 409 million barrels
.
Traders and analysts surveyed by The Wall Street Journal expected inventories to fall by 2.
2 million barrels on average
.
Kyle Cooper of ION Energy said traders' reactions to technical graphics partly drove oil prices
.
U.
S.
crude futures fell to around the 100-day moving average of around $67.
90/b before rebounding
.
