Oil surges after falling US inventories, optimism of economic recovery
TOKYO: Crude oil futures rose on Wednesday after a more than expected draw in U.S. crude inventories and as strong data from U.S. factories raised optimism for a post-pandemic economic recovery, boosting the investor risk appetite.
Brent futures rose 33 cents to $ 45.91 a barrel at 12:34 a.m. GMT, extending gains into a third day.
US West Texas Intermediate futures rose 33 cents to $ 43.09,…
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