Oil prices rise as US producers close ahead of Hurricane Laura
But renewed worries over the Covid-19 pandemic, which has squeezed demand and sent prices to record lows in April, capped gains
26 August 2020 - 11:57
London — Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in US crude inventories.
Renewed worries over the Covid-19 pandemic, which has squeezed demand and sent prices to record lows in April, capped gains after reports this week of patients being reinfected, raising concern about future immunity...
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