Oil hits highest since Sept. 17

LONDON - Oil rose above $67 a barrel to its highest since Sept. 17 buoyed by a report showing lower U.S. crude inventories, a potential end to China-U.S. trade dispute, and OPEC-led efforts to constrain supply. The American Petroleum Institute said Dec. 23 that U.S. crude stocks fell by 7.9M barrels last week, more than forecast by analysts. Brent crude, the global benchmark, reached $67.50/bbl - up 22 cents. U.S. West Texas Intermediate crude gained 20 cents to $61.31. Trading volume remains low due to the holidays, which have delayed the release of the U.S. government's official oil inventory report until Dec. 27. (Sources: Reuters 12/25/19) https://news.yahoo.com/oil-rises-supported-trade-deal-022140123.html