Oil near three-month peak as US crude inventories fall
Improving US-China relations also supported oil prices in thin trading volumes before the holidays
19 December 2019 - 16:11
London — Oil prices hovered near three-month peaks on Thursday, buoyed by falling US crude inventories and thawing trade relations between the US and China.
Brent crude futures were down 7c at $66.10 a barrel at 1.21pm GMT, after five straight days of gains. US West Texas Intermediate (WTI) crude fell 1c to $60.83 a barrel. The contract for January delivery expires on December 19...
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