11th May 2023

North AmericaCentral & South America

US Oil price rise

Oil prices rose after dropping more than a dollar a barrel yesterday. Fuel demand data from the United States, the world's top oil consumer, shows this increase.

Brent crude futures rose by 56 cents, or 0.7%, to $76.97 a barrel by 0330 GMT, while U.S. crude futures rose 53 cents, also up 0.7%, to $73.09.

U.S. gasoline inventories dropped more than expected and this boosted prices, reflecting stronger demand for transport fuels in the U.S.