Oil prices at highest in 11 months as US stockpiles fall
Brent crude touched $54.90 a barrel, a level not seen since before the first Covid-19 lockdowns in the West
07 January 2021 - 13:47
London — Oil prices hit their highest since late February on Thursday after a fall in US stockpiles added further support following the unilateral decision by Saudi Arabia to cut output.
Brent crude was up 18c, or 0.3%, at $54.48 a barrel at 10.15am GMT after earlier touching $54.90, levels not seen since before the first Covid-19 lockdowns in the West...
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