Oil gains 2% after draws in U.S. product inventories

Oil gains 2% after draws in U.S. product inventories
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28.12.2020

MOSCOW (MRC) - Oil prices rose 2% on Wednesday, boosted by draws in U.S. inventories of crude, gasoline and distillates that lifted investors' hopes for some return in fuel demand, said Reuters.Brent crude futures gained 96 cents, or 1.9%, to USD51.04 a barrel by 11:02 a.m. EST (1602 GMT), while U.S. West Texas Intermediate (WTI) crude futures rose 93 cents, or 2%, to USD47.95 a barrel.U

Full article at mrcplast.com

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