Drop In U.S. Crude Stockpile Pushes Prices Higher – 1 September, 2020

A drop in U.S. crude stockpiles and solid factory activity in the U.S. and China helped boost futures. Brent crude futures were up 37 cents to $45.95 per barrel, up for a third straight session. U.S. West Texas Intermediate crude futures rose 34 cents to $43.10, up for a second session. U.S. crude stockpiles fell more than expected, dropping 6.4 million barrels in the last week of August to 501.2 million barrels.