Connect with us

Trading

Oil resumes climb on large U.S. oil stocks drawdown

Oil resumes climb on large U.S. oil stocks drawdown 1

By Sonali Paul

MELBOURNE (Reuters) – Oil prices rose on Wednesday after industry data showed U.S. crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America.

Editorial & Advertiser disclosure
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now