Oil futures lift above $60 a barrel on fall in US stock
Crude oil stocks in the US fell 3.5-million barrels in the week to August 16, data from industry group the API shows
21 August 2019 - 12:23
London — Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in US crude inventories, but lingering worries about a possible global recession capped gains.
Brent crude had gained 26 US cents, or 0.43%, to $60.29 a barrel by 9am GMT, after settling 0.5% higher on Tuesday, while US crude was up 3c, or 0.05%, at $56.16 a barrel...
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