Oil recovers after unexpected stock decline
American Petroleum Institute data showed US crude stocks fell last week by 5.9-million barrels, against expectations for an increase of 1.6-million barrels
02 October 2019 - 07:46
Singapore — Oil rebounded from several days of declining values after industry data showed a surprise drop in US crude inventories, offsetting weak economic readings in the US that have depressed global stock markets.
Brent crude rose 52c to $59.41 a barrel by 1.38am GMT, claiming back some of the ground lost over the past three sessions. US West Texas Intermediate crude was at $54.23 a barrel, up 61c...
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