Oil jumps on hopes of increased demand as lockdowns ease
US stockpiles rose less than expected and petrol stocks fell, as Texas is to hold a vote on May 5 on whether to join Opec+ with output cuts
29 April 2020 - 11:57
London — Oil prices gained on Wednesday after US stockpiles rose less than expected and petrol stocks fell, and were buoyed by hopes that demand will improve as some European countries and US cities moved to ease coronavirus lockdowns.
June Brent crude futures were up 2.30%, or 47c, to $20.93 a barrel by 8.34am GMT, after hitting $21.60 a barrel. The more active July contract added 22c, or 0.97%, to $22.96 a barrel...
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