Oil edges higher after US stocks fall
Brent rises as market waits for next steps from producers’ meeting on output cuts
15 July 2020 - 07:39
Seoul — Oil prices rose on Wednesday after a sharp drop in US crude inventories, with the market waiting for next steps from a meeting later in the day on the future level of output cuts by Opec and its allies.
Brent crude futures were up 19c, or 0.4%, at $43.09 a barrel at 3.43am GMT, and US West Texas Intermediate (WTI) crude futures rose 17c, or 0.4%, to $40.46 a barrel...
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