WATCH THE VIDEO HERE By Adedapo Adesanya The oil market gained about 1 per cent on Wednesday after a decline in US crude stocks but gains were capped by concerns about rising global inventories ahead of the US Independence Day holiday. Brent crude futures rose $1.10 or 1.3 per cent to settle at $87.34 a barrel and the US West Texas Intermediate (WTI) crude futures increased by $1.07 or 1.3 per cent to $83.88 per barrel. The US Energy Information Administration (EIA) reported a 12.2 million draw in the country’s crude oil barrels in storage last week versus the inventory build of 3.6 million
Oil Market Gains on Decline in US Crude Inventories
