Oil price gains due to stock drops capped by Covid-19 surge
Brent and WTI are both up but increasing coronavirus cases, particularly in the Americas, are likely to dampen demand
29 July 2020 - 12:31
London — Oil prices rose on Wednesday after a surprise drop in US crude inventories, but demand concerns amid record increases in Covid-19 infections in some US states capped gains.
Brent crude futures rose 54c, or 1.3%, to $43.76 a barrel by 9.23am GMT. US West Texas Intermediate crude futures gained 42c, or 1%, to $41.46 a barrel...
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