Hopes of economic recovery from Covid-19 pandemic boost oil prices
Investors are ‘riding a wave of optimism, though it could come crashing down at any moment’, one analyst says
02 September 2020 - 11:13
London — Oil rose to $46 a barrel on Wednesday, gaining for a third day, supported by a report that US crude inventories fell and as surveys showing stronger manufacturing raised hopes of a recovery from the coronavirus pandemic.
US crude stocks fell by 6.4-million barrels, the American Petroleum Institute (API) said, more than forecast...
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