[Singapore 2nd Reuters]-Crude oil futures in Asia time rose. It is believed that the announced US crude oil stock was an unexpected decline.
As of 0138GMT (10:38 am Japan time), North Sea Brent futures <LCOc1> is $ 0.52 higher per barrel = $ 59.41. US WTI Crude Oil Futures <CLc1> is $ 54.23, up 0.61 dollars. Business is thin with some markets closed.
The US time trading on the 1st fell after the US manufacturing economy index in September fell for the first time in about 10 years.
“And both Brent and WTI are picking up, but we ’ll see momentum soon as we approach $ 61 and $ 55, respectively,” said ANDA senior market analyst.
According to statistics announced by the American Petroleum Institute (API) on the 1st, the domestic crude oil stock for one week until September 27 was 41.794 million barrels, a decrease of 5.92 million barrels from the previous week. Analyst forecasts were up 1.6 million barrels.
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