Oil rises after bigger-than-expected decline in US stocks
Supply drops for a fourth consecutive week despite global trade tensions
10 July 2019 - 07:44
Tokyo — Oil prices rose on Wednesday, led by US crude after an industry group reported that US stockpiles fell for a fourth week in a row, alleviating concerns about oversupply amid global trade tensions.
West Texas Intermediate (WTI) crude had climbed 81 cents, or 1.4%, to $58.64 by 1.51am GMT. Brent was up 61 cents, or 1%, at $64.77, having earlier hit $64.95...
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