Oil pulls back after jump in US stocks, vaccines hope to cap losses
Oil pulls back after jump in US stocks, vaccines hope to cap losses
TOKYO: Oil prices edged down on Wednesday amid concerns over an unexpected rise in US oil stocks last week, but positive news on COVID-19 vaccines raised investors’ hopes for a recovery in fuel demand, capping losses. Brent futures slipped 13 cents, or 0.3%, to $ 48.71 a barrel at 0151 GMT, after gaining 5 cents […]
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