The price of West Texas Intermediate closed up $1.41, or nearly 2 per cent, to $65.88 in NY.
U.S. West Texas Intermediate crude futures rose 63 cents, or 1% to $65.10 a barrel late morning Wednesday.
The U.S. Energy Information Administration reported that crude stockpiles dropped by 1.1 million barrels last week - the 10th consecutive week of declines.
Crude stockpiles at Cushing, Oklahoma, the delivery point for WTI and the biggest USA oil-storage hub, decreased by 3.57 MMbbl last week, the American Petroleum Institute was said to report Tuesday. That put total inventories at 411.6 million barrels, the lowest since February 2015.
Crude palm oil prices eased by 0.13 per cent to Rs 553.10 per 10 kgs in futures market today as participants reduced exposure amid subdued demand at the spot market. Brent crude futures also traded 0.4% higher of 27 cents to trade at $69.31 per barrel close to its previous three-year high of $70.37 per barrel last week.
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She continued: "A TV actor like Meghan would behave more like Kate, allowing the camera to court her". Should anything get out they would feel the trip's compromised and pick a new destination.
This is anticipated to come on the back of continued capacity cuts by OPEC, improving global demand, and falling crude oil inventory levels in the USA, all of which have contributed to the positive sentiment along with events of one-off supply disruptions and heightened geopolitical risks.
Brent crude the benchmark for oil prices has been on the upswing since November 17 rising from below $58 to almost $70 as of January 24, 2018.
Gasoline stocks rose 3.1 million barrels, compared with analysts' expectations in a Reuters poll for a 2.5 million-barrel gain.
Money managers hold more bullish positions in crude futures and options than at any time on record, encouraged by falling global inventories after production cuts by the Organization of the Petroleum Exporting Countries, Russia and others. While the OPEC cut agreements have been extended for a number of times now, the rising US crude production during the second half of 2017 have offset the recovery of the oil prices sooner.
"The report is mixed, due to the further rise in domestic production to 9.9 million bpd, but the large decline in Gulf Coast crude oil inventories and the continued fairly rapid decline at Cushing, Oklahoma is offsetting", said John Kilduff, partner at energy hedge fund Again Capital LLC in NY.