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- WTI crude oil rose, while Brent crude oil declined
WTI crude oil rose, while Brent crude oil declined
WTI crude oil rose, while Brent crude oil declined. The U.S. economic data weighed on oil prices. The number of initial jobless claims in the week ending April 25 in the U.S. fell by 34,000 to 262,000 from 296,000 in the previous week, beating expectations for a rise by 4,000.
The news that crude oil inventories at the oil hub at Cushing, Oklahoma, fell for the first time since November 28, 2014 still supported oil prices.
WTI crude oil for June delivery increased to $59.40 a barrel on the New York Mercantile Exchange. Brent crude oil for June fell to $64.78 a barrel on ICE Futures Europe.
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