Oil extends gains as US crude inventory draw points to strong demand - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Wednesday, 20 October 2021

Oil extends gains as US crude inventory draw points to strong demand

Oil prices rose on Thursday to extend gains from the previous session as U.S. crude and fuel inventories tightened further, with supplies of gasoline hitting a two-year low, pointing to strong demand. Brent crude futures climbed 17 cents, or 0.2%, to $85.99 a barrel at 0040 GMT, after rising 0.9% the previous day.

from Commodities-Markets-Economic Times
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