Oil climbs but virus worries cap gains
Brent rises after industry data shows US inventories fell more than expected and Opec raises its outlook for demand
14 April 2021 - 08:00
Singapore — Crude climbed on Wednesday after industry data showed US oil inventories declined more than expected and oil cartel Opec raised its outlook for oil demand, but gains were capped by the concern about the coronavirus and by rising supplies of the energy resource.
Brent crude futures rose 42c, or 0.6%, to $64.09 a barrel at 4.21am GMT, after gaining 39c on Tuesday...
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