Tokyo — Oil prices rose on Wednesday, with US crude gaining for a seventh day, after an industry report showed a further drop in inventories and investors shrugged off worsening developments in the pandemic.
Both benchmarks are trading at the highest since February, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdowns to prevent a pandemic that is now in a deadlier second wave. “US shale producers’ response to the rally in oil represents the most significant near-term supply risk for oil,” said Stephen Innes, chief global market strategist at Axi.
Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. lisaMakT thank you for your proper management .
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil extends gains as Opec+ sticks to output cuts and US stocks fallOpec+ expects the oil market deficit to be in place throughout 2021
Source: BDliveSA - 🏆 12. / 63 Read more »