Oil rises as US oil stockpiles drop, new Chinese COVID-19 cases decline

The American Petroleum Institute (API) reported crude oil inventories in the United States, the world's biggest oil consumer, fell by 5.3 million barrels in the week to Jan. 22 compared with analysts' expectations in a Reuters poll for a build of 430,000 barrels.

from Markets-Economic Times https://ift.tt/3qVVuDK