us oil prices top 50 a barrel for first time since june
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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US oil prices top $50 a barrel for first time since June

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Arab Today, arab today US oil prices top $50 a barrel for first time since June

New York economy
New York - Arab Today

Oil prices in New York rose above $50 a barrel on Thursday for the first time since June, boosted by lower US petroleum inventories.

The drop in US oil inventories in Wednesday's weekly US report added to momentum after last week's OPEC announcement of an output cut. Near 1300 GMT, US benchmark West Texas Intermediate for delivery in November was at $50.26 a barrel, up 39 cents in intraday trade.

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