# Oil Extends Gain Near Three-Month High as US Stockpiles Shrink - TT

> Oil rose for a fifth straight session after a bigger-than-forecast drop in US crude stockpiles. WTI for February gained to about $62.08 and Brent rose to about $68.82 a barrel.

- Date: 2019-12-30 · published 2019-12-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55727-oil-extends-gain-near-three-month-high-as-us-stockpiles-shrink-tt
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude prices raise diesel and transport costs for feed mills and support biofuel economics, though this is routine price movement.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- ttnews.com: https://www.ttnews.com/articles/oil-extends-gain-near-three-month-high-us-stockpiles-shrink

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.