Oil prices firm on new demand and lower US crude stockpiles
US crude stocks fall by 4.8-million barrels last week with refiners hoping easing of lockdowns will boost petrol demand
20 May 2020 - 12:57
London — Oil prices firmed on Wednesday on signs of improving demand and a drawdown in US crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains.
Brent crude futures were up 51c, or 1.47%, at $35.16 per barrel at 9.28am GMT. US West Texas Intermediate (WTI) July crude futures were up 22c, or 0.69%, at $32.18 a barrel...
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