Today Crude Oil News Update

U.S. oil prices edged up on Thursday to extend gains into a third session, with widely watched data showing signs of tightening supply in the United States.U.S. West Texas Intermediate (WTI) crude futures were at $54.41 per barrel at 0052 GMT, up 19 cents from their last settlement. WTI futures closed up 1.7 percent on Wednesday, when prices touched their highest since Nov. 21 at $54.93 a barrel.International futures had yet to trade, after closing up 2.2 percent in the previous session.”Oil prices rallied after the (Energy Information Administration) weekly report showed crude stockpiles rose less than expected,” said Edward Moya, market analyst at OANDA.

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