US oil prices extended their forecast Monday on reduced predictions about high US oil storgage prices , while global prices were unchanged . commodity provider Genscape Inc told clients that crude - oil stockpiles in Cushing rose by less than 200 barrels last week , a smaller increase than has been seen in recent months . The broker also said that Cushing stockpiles fell easing anxiety . US oil drilling rigs fell for a record 19th straight compared to the lowest since 2010 according to Baker Hughes . The US Energy Information Administration will release official storage data tomorrow . CNCB 20-Apr-15
US oil prices extended their rally Monday on reduced concerns about high US oil storgage levels, while global prices were unchanged. Data provider Genscape Inc told clients that crude-oil stockpiles in Cushing rose by less than 500,000 barrels last week, a smaller increase than has been seen in recent months. The broker also said that Cushing stockpiles fell easing anxiety. US oil drilling rigs fell for a record 19th straight week to the lowest since 2010 according to Baker Hughes.The US Energy Information Administration will release official storage data tomorrow.CNCB 20-Apr-15