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Oil Holds Near Three-Month High as U.S. Crude Stockpiles Shrink
Monday, 30 December 2019 09:10 WIB | ENERGY |Oil,BrentWTIMinyak

Oil held gains near the highest close in over three months after U.S. crude stockpiles declined more than expected.

West Texas Intermediate for February delivery slipped 1 cent to $61.71 a barrel on the New York Mercantile Exchange as of 9:54 a.m. in Singapore. The contract gained 4 cents to close at $61.72 on Friday, the highest since Sept. 16. Prices are also set for the biggest monthly gain since January.

Brent crude for February settlement added 9 cents to $68.25 a barrel on London's ICE Futures Europe exchange. The contract rose 3.1% last week. The global benchmark crude is trading at a $6.54 premium to WTI.

Source : Bloomberg

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