Oil drilling rigs

Oil rebounded today, April 20, as industrial activity picked up in China, and reports of a decline in US crude stockpiles.

 

Brent crude was trading up 1.36% at $108.71 per barrel, at 10.04 am Makkah time. West Texas Intermediate (WTI) crude rose 0.95% to $103.53 a barrel.

 

Companies in Shanghai, including carmakers, are now starting to resume their operations as the city seeks to recover from the economic damage of the COVID-19 lockdowns.

 

Meanwhile, American Petroleum Institute reported that US crude stockpiles declined by about 4.5 million barrels last week. Official data from the US Energy Information Administration is expected later today.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

International Market Indices

DOW JONES
51,179.87
(341.41) (0.66 %)
more

Commodity Price

 
Brent Crude Oil
102.48
1.55 1.53%
Nymex
89.08
(1.16) (1.29%)

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request