Drop in US oil stockpiles makes prices climb

The US oil stockpiles fell with 3.2 million barrels per week leading up to July 20 and ended at 407.6 million barrels, while analysts had expected a drop of 2.3 million barrels, according to Reuters.
Photo: Ritzau Scanpix/Claus Bonnerup.
Photo: Ritzau Scanpix/Claus Bonnerup.
BY RITZAU FINANS

Wednesday, oil prices went up for the second day in a row. The development is caused by a drop in US oil inventories.

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