Crude oil prices rise amid a decline in weekly inventories

The wavering of crude oil prices over the past week is a sign that investors just want to close their books and wait for the new year. On Thursday, crude oil futures were on a high as a reaction to yesterday’s bullish stockpiles data from the EIA. Besides, investors are keeping an eye on the OPEC+ meeting scheduled for next week. As at 05.28 GMT, WTI futures were up by 0.06% to $48.32. Similarly, Brent futures rose by 0.09% to trade at $51.56. Weekly US crude oil inventories decline One of the factors that is offering support to crude oil