EnergyWatch

Oil price hits highest level in four months

A large decline in US oil stockpiles last week has pushed the oil price up to the highest level since November last year.

Photo: Hasan Jamali/AP/Polfoto/Arkiv

The oil price saw another boost Wednesday. Due to US oil stocks, oil hit the highest level in four months – incidentally, just like the stock market.

Wednesday, the price of a barrel of crude measured in WTI futures increased by 2.4 percent to USD 58.26. The last time the price was higher was back in November 13, 2018.

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