World crude oil price extended its rebound inline with the weekly production decline in the United States (US). Nymex’s crude oil rose 0.45% to US$44.94 per barrel in mid day Thursday (June 29). US’ inventories of crude oil in the United States rose by 0.118 million barrels in the week ended June 23rd, 2017, following a 2.451 million drop in the previous period and compared to market expectations of a 2.585 million decline, Tradingeconomics.com reported.
