Oil rises to $ 1 after falling 6%

Media in Singapore 21 November 2018 / WAM /
Oil rose about $ 1 a barrel today, reversing some of the previous 6% loss, supported by a report of an unexpected drop in US crude oil inventories and India’s record crude imports.
Brent crude futures were $ 63.60 a barrel by 0516 GMT, up $ 1.07 or 1.7 percent from the previous close. WTI futures were up $ 1.03, or 1.9 percent, at $ 54.46 a barrel.