Oil Rises as U.S. Crude Inventories Decline and New Chinese Covid-19 Cases Decline
Oil Rises as U.S. Crude Inventories Decline and New Chinese Covid-19 Cases Decline
Oil prices soared on Wednesday after industry data showed US crude inventories fell unexpectedly last week and China, the world’s second-largest user of oil, recorded its lowest daily increase in COVID-19 cases over two weeks. Brent futures rose 39 cents, or 0.7%, to $ 56.30 a barrel at 7:36 a.m. GMT, adding to a small […]
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