Oil edges higher after unexpected fall in US stocks
Data showing drop in crude inventories gives the market a boost amid record increases of coronavirus infections
29 July 2020 - 08:21
Tokyo — Oil prices rose on Wednesday after an industry report showed that crude inventories in the US fell against expectations, giving the market a boost amid record increases of coronavirus infections in the US and elsewhere.
Brent crude futures were up by 14c, or 0.3%, at $43.36 a barrel by 3.26am GMT, after dropping 0.4% on Tuesday...
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.