Brent crude price on track for fourth month of improvement
However, weaker refining margins around the world, lower Chinese oil demand and high crude stocks are putting pressure on oil prices
31 July 2020 - 11:56
London — Oil prices rose on Friday and were on track for a monthly gain. They were boosted by a weaker dollar in the face of continuing concerns over the recovery of the US economy as the coronavirus ravages the world’s biggest economy and oil consumer.
Brent crude was up 31 US cents, or 0.7%, at $43.25 a barrel by 8.31am GMT. On Thursday, Brent closed 1.9% down after touching its lowest since July 10...
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