Tokyo-Sana
Crude oil futures continued their gains today after an exceeded expectations withdrawal from crude stocks in the United States and strong activity by American and Chinese factories fueled optimism about the recovery from the Coronavirus pandemic.
According to Reuters, Brent crude futures rose 45 cents to $ 46.03 a barrel, rising for a third day, while West Texas Intermediate crude futures rose 43 cents to $ 43.19, after gains also made the previous day.
The American Petroleum Institute said that crude inventories in the United States decreased by 6.4 million barrels in the week ending on August 28 to 501.2 million barrels, exceeding analysts' expectations of a decrease of 1.9 million barrels.
Gasoline stocks also decreased 5.8 million barrels, more than analysts' estimates, a decline of 3 million barrels, which prompted analysts to say that “the largest-than-expected withdrawal from US stocks and the growing hopes for an economic recovery in the United States and China after strong data for factories stimulated the purchase of oil futures contracts. “.
