Oil near three-month high after US inventories fall
Output cuts have also helped buoy the market
19 December 2019 - 07:42
Singapore — Oil prices remained in touching distance of three-month peaks on Thursday, extending a robust streak that began a week ago, after data showed US crude inventories had dropped while output cuts by major producers kept supply snug.
Brent crude futures edged down 1 cent to $66.16 a barrel by 2.24am GMT, while US West Texas Intermediate (WTI) crude fell 3 cents to $60.90. Trading volume was thin, with not even news of President Donald Trump’s impeachment by the US House of Representatives stirring the oil market...
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