Bigger-than-expected draw in US stocks supports oil
Market benefits from industry report that shows US crude inventories fell and news of successful trials of a Covid-19 vaccine
11 November 2020 - 08:25
Tokyo — Oil futures rose on Wednesday after an industry report showed that US crude inventories fell by more than expected as prices enjoyed supported from news of successful trials of a vaccine for coronavirus.
Brent crude was up 31c, or 0.7%, at $43.92 a barrel by 2.13am GMT, while US oil gained 36c, or 0.9%, to $41.72 a barrel...
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