TODAY CRUDE OIL NEWS UPDATE BY WWW.DECENTCOMMODITY.IN,CALL FOR MORE INFORMATION : 9027455664

Oil prices were higher in Asian Trade on Thursday after data showed that U.S. oil inventories declined last week, while traders were cautious as they mulled over the outlook for the new year.

At 20:39 ET (01:39 GMT), Brent Oil Futures rose 0.7% to $75.13 a barrel, and Crude Oil WTI Futures expiring in February jumped 0.7% to $71.75 a barrel.

Oil posted a moderate yearly loss in 2024, and traders entered 2025 with a cautious stance as they brace for an oversupplied market this year.

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