Oil rises on Chinese exports and US output cuts
The slow return of activity in Europe also helped support oil, but US crude inventories rose for a 15th week
07 May 2020 - 12:48
London — Oil prices rose on Thursday on a surprising rise in China’s April exports, US output cuts and the slow return of some activity in Europe.
Brent crude was up $1.48, or 4.98%, to $31.20 a barrel by 11.03am GMT, after dropping 4% on Wednesday. US West Texas Intermediate (WTI) futures rose $1.48, or 6.17%, to $25.47 a barrel, after having declined more than 2% in the previous session...
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