Oil rises as falling US inventories refocus market on demand

1 year ago 31

By Laura Sanicola and Muyu Xu (Reuters) -Oil rose on Wednesday after plunging more than 2% in the previous session as reports of falling U.S. crude oil and fuel inventories refocused investors on robust demand in the world’s top oil consumer. Brent crude climbed by 30 cents, or 0.4%, to $81.07 a barrel by 0358 GMT. U.S. West Texas Intermediate cr...

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