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West TX Oil at $92 as Cushing Stocks Draw

U.S. crude futures extended gains on Friday to stay above $91 a barrel, around $3 above the 17-month low hit a day earlier, supported by data showing a drop at the Cushing, Oklahoma, oil stockpiles hub and a fall in U.S. unemployment claims.

NYMEX crude for November delivery was up 16 cents at $91.17 a barrel by 0002 GMT, after settling up 28 cents at $91.01 on Thursday.

The contract on Thursday sank to $88.18, its lowest intraday level since April 2013, but it has since recovered ground after industry group Genscape reported a 1.7 million-barrel drop in Cushing stockpiles over the four days since Sept. 26.

CNBC [1]

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