Oil rises after sharp decrease in US stocks
Industry data shows crude inventories in the US fell, but trading is choppy as the outcome of the US presidential election remains unclear
04 November 2020 - 08:03
Tokyo — Oil rose about 2% on Wednesday after industry data showed crude inventories in the US fell sharply, but trading was choppy as the outcome of the US presidential election remained unclear.
West Texas Intermediate (WTI) was up 80c, or 2.1%, at $38.46 a barrel by 4.36am GMT, after trading in a nearly $1 range. Brent crude was up 80c, or 2%, at $40.51, after trading between $39.85 and $40.70...
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