Oil prices rise on fall in US inventory and hopes of vaccine
US crude stockpiles fell by 5.1-million barrels last week to about 482-million barrels
London — Oil prices climbed on Wednesday as hopes of an effective Covid-19 vaccine continued to bolster sentiment and an industry report showed US crude inventories fell more than expected.
Brent crude rose 2.7% to $44.78 a barrel at 9.25am GMT, while US West Texas Intermediate (WTI) crude rose 2.8% to $42.53 a barrel. Both benchmarks gained nearly 3% on Tuesday...