Oil loses ground as US shares gain
Decline reverses two days of gains, with West Texas Intermediate and Brent gaining on the expectation that the US-China trade war could end
27 November 2019 - 07:42
Singapore — Oil eased on Wednesday after an industry report showing a surprise build in US crude stockpiles, but hopes surrounding the signing of the first phase of a US-China trade deal prevented a bigger drop in prices.
Brent crude futures dropped 15c, or 0.23%, to $64.12 a barrel by 6.21am SA time, while West Texas Intermediate (WTI) crude futures fell 16c, or 0.27%, to $58.25 per barrel...
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