Wednesday, 20 May 2020
Oil prices climb as U.S. stock drawdown eases supply glut fears
By Yuka Obayashi TOKYO (Reuters) - Oil prices edged higher on Thursday after data showed U.S. crude inventories fell again, easing concern about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains. Brent crude futures for July delivery were trading up 17 cents, or 0.5%, at $35.92 per barrel at 0024 GMT
The post Oil prices climb as U.S. stock drawdown eases supply glut fears appeared first on Firstpost.
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