Oil price rises as dollar weakens, helping physical oil demand
But rising US oil inventories put a break on further gains
23 July 2020 - 12:00
London — Oil prices rose on Thursday on the back of a weaker dollar, but gains were capped by concerns about rising US oil inventories and a persistent surge in new coronavirus cases.
Brent crude rose 35 US cents, or 0.8%, to $44.64 a barrel by 8.37am GMT, while US West Texas Intermediate (WTI) crude gained 32c, or 0.8%, to $42.22 a barrel...
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