Oil ticks up on hopes of increasing demand
Prices supported by easing worries about a crash in travel over the Chinese new year
27 January 2021 - 07:31
Singapore — Oil prices climbed on Wednesday after industry data showed US crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in Covid-19 cases, bolstering hopes of a pickup in demand.
Brent crude futures climbed 19c, or 0.3%, to $56.10 a barrel at 4.52GMT, adding to a small gain on Tuesday...
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