Oil slips after data shows increase in US stocks
Brent is weaker as industry data shows inventory growth more than expected in the US, where coronavirus cases are still increasing
22 July 2020 - 08:05
Singapore — Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the US where coronavirus cases continue to climb, potentially further denting demand in the world's biggest oil consumer.
In his first briefing in months focused on the pandemic, US President Donald Trump said that the outbreak would probably get worse before it gets better, one of his first recent acknowledgments of the spread of the problem...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.