By Srinivas Chowdary Sunkara // petrobazaar // 7-12-2017.
Crude oil prices regained and edged up after a sharp yesterday's sharp fall. Yesterday Brent lost above 2% while WTI has fallen above 3%. EIA reported an hefty rise in gasoline stocks by 6.8 Mb at 220.9Mb where as crude stocks have fallen down by 5.6 Mb at 448.1 Mb during the last week. Distillates stocks were up by 1.7Mb at 129.4Mb. Crude oil production was ramped up by 25K at 30 years record level of 9.7M towards 10M. U.S crude oil imports were down by 127K.
WTI and Brent price today
The U.S crude grade WTI futures are trading up by 64 cents or 1.144% at $56.6 a barrel on Nymex while Brent futures are trading above 1% with 85 cents increase at $62.07 per barrel on London based ICE futures Europe exchange.