Oil gains ground after data shows fall in US stockpiles
Falling inventories suggest demand worries are overstated
31 July 2019 - 07:35
Tokyo — Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in US inventories and as investors awaited a widely expected cut in interest rates by the Federal Reserve, the first in more than 10 years.
Brent crude was up 44c, or 0.7%, at $65.16 a barrel by 0324 GMT...
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