Oil market extended uptrend after positive US inventory report
Oil market extended uptrend after positive US inventory report
International benchmarks for crude oil extended the uptrend on Wednesday, 29 December 2021 following a report from the EIA that showed a 3.6 million barrels drop in the US commercial stock last week, further easing concerns about Omicron reducing demand.
Brent added 29 cents to close at $79.23/barrel.
WTI increased 58 cents to close at $76.56/barrel.