Larger than expected decline in US oil stocks pushes oil prices up
The rise in oil prices to nearly two-month highs has been supported by Covid-19 vaccine rollouts in the US and Europe
05 May 2021 - 07:34
Singapore — Oil prices rose on Wednesday, extending gains from the previous session after industry data indicated US crude stocks fell much more than expected last week, reinforcing bullish views on fuel demand in the world's largest economy.
US West Texas Intermediate (WTI) crude futures rose 48c, or 0.7%, to $66.17 a barrel at 4.40am GMT, after climbing to $66.58, a level not seen since March 8...
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