Oil climbs back into the $30s following data from API………………01/13/2016

Oil climbs back into the $30s

Jan 13 2016, 02:11 ET | By: Yoel Minkoff, SA News Editor

Crude futures are on the rise for the first time in eight days, with U.S. oil pulling further away from the closely watched $30-level breached last session following data from the American Petroleum Institute.

According to the industry group, oil inventories unexpectedly fell last week, sliding 3.9M barrels to 480M.

Brent +0.7% to $31.06/bbl; WTI +1% to $30.75/bbl.

Also on tap: The EIA publishes its weekly inventories data at 10:30 a.m. ET.

ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM

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