Oil price lifts on signs of a slowing rise in stocks
But storage concerns are weighing on markets with the International Energy Agency warning that global capacity could reach its maximum by mid-June
30 April 2020 - 12:40
London — Oil prices jumped on Thursday, lifted by signs that the US crude glut is not growing as quickly as expected and of a rise in fuel demand, which has been crushed by the coronavirus.
West Texas Intermediate (WTI) crude futures climbed to $17.11 a barrel, up 13.6% or $2.05 at 8.40am GMT. The US benchmark surged 22% on Wednesday...
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