Oil holds near five-month high on US output cuts, virus concern weighs

Oil holds near five-month high on US output cuts, virus concern weighs
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28.08.2020

MOSCOW (MRC) -- Oil held near USD46 a barrel, close to its highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in US crude inventories, according to Hydrocarbonprocessing.Renewed worries over the COVID-19 pandemic, which has squeezed demand and sent prices to record lows in April, capped gai

Full article at mrcplast.com

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