Oil Rises as US Inventories See Surprise Drop

Oil Rises as US Inventories See Surprise DropSingapore, 26 Feb (ONA) — Oil prices edged up today,
bouncing off two-month lows hit in the prior session after an
industry group reported US crude stockpiles fell last week.

Brent crude rose 27 cents, or 0.4%, to $73.29 a barrel.

US West Texas Intermediate crude oil futures were up 25 cents, or
0.4%, to $69.18.

US crude stocks fell 640,000 barrels in the week ended 21 February 2025, market sources said, citing American Petroleum
Institute data. Official US stockpile data is due later today.— Ends/Khalid