Lower crude stocks lead to jump in oil price
But prices were capped by mixed signs for oil demand in China, the world's biggest oil importer
14 November 2019 - 15:52
London — Oil rose on Thursday after industry data showed a surprise drop in US crude inventories, while comments from Opec about lower-than-expected US shale production in 2020 also provided some support.
Prices were capped by mixed signs for oil demand in China, the world's biggest crude importer. Industrial output rose slower than expected in October, but oil refinery throughput hit the second-highest level on record...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.