U.S. oil futures mark first gain in 4 sessions


U.S. oil futures finished higher for the first time in four sessions Wednesday, buoyed by hefty weekly declines in domestic crude and gasoline inventories. Prices on Tuesday had fallen by more than 3% to their lowest finish since January. The Energy Information Administration on Wednesday reported that U.S. crude supplies fell 7.1 million barrels for the week ended Aug. 12, while gasoline inventories declined by 4.6 million barrels. September WTI crude CLU22, rose $1.58, or 1.8%, to settle at $88.11 a barrel on the New York Mercantile Exchange.

This article was originally published by Marketwatch.com. Read the original article here.

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