Oil rises on fall in US stocks
Rising tensions with Iran over drones and safe shipping fuel concerns about supply disruptions
24 July 2019 - 07:46
Sinagpore/Tokyo — Oil prices edged higher on Wednesday, extending gains as rising tensions with Iran fuelled concerns about supply disruptions and as US inventory data showed a much bigger-than-expected drop in crude stockpiles.
Brent crude futures were up 20c, or 0.3%, at $64.03 a barrel by 3am GMT, after rising nearly 1% on Tuesday...
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