Oil hits 11-month high on draw in US crude and petrol stocks
Opec+ expects an oil market deficit throughout 2021
03 February 2021 - 11:38
London — Oil hit an 11-month high on Wednesday, boosted by a draw in US crude and petrol stocks, which fueled demand recovery hopes as oil cartel Opec and its allied producers, including Russia (Opec+) has forecast that the market will be in deficit in 2021.
Brent crude futures were up 48c, or 0.8%, to $57.94 a barrel at 8.39am GMT, their highest since late February 2020...
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