Expectations of higher demand feed oil rally
A larger-than-expected fall in US crude oil stockpiles adds to optimism
10 February 2021 - 07:35
Tokyo — Oil prices rose again on Wednesday, extending their more than weeklong rally after industry data showing a fall in US crude oil stocks added to optimism about an expected rise in global fuel demand.
Brent crude was up 11c, or 0.2%, at $61.20 by 1,10am GMT after rising nearly 1% on Tuesday, when it touched a 13-month high. US crude added 2c to $58.28...
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