Oil rises after US inventories fall to lowest in almost a year
Stockpiles of oil should bottom out over the next two to three weeks, says strategist
12 September 2019 - 07:45
Tokyo — Oil prices jumped on Thursday, bouncing back from heavy losses in the previous session, buoyed by moves to ease trade tensions between Washington and Beijing and a drop in US crude inventories to the lowest in nearly a year.
Brent crude futures rose 41c, or 0.7%, to $61.22 by 0051 GMT, while US West Texas Intermediate (WTI) futures gained 40c, or 0.7%, at $56.16...
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