US crude fell by 11¢ to stand at $85.05 a barrel today, while Brent crude gained 2¢ to $110.17 a barrel due to decreasing US crude stocks.
Brent crude was also supported by positive manufacturing data and economic growth hopes, reports Reuters.
US crude stockpiles fell by 2.21 million barrels to 351.77 million barrels in the week to 19 August against a forecast for an 800,000 barrel increase, according to the Energy Information Administration.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData