Oil extends rally on slower US stockpile rise
OIL prices extended a rally today after data showed US crude stockpiles rose less than expected and on signs that falling production may offset a coronavirus-triggered demand shock.
US benchmark West Texas Intermediate rose about 6% to US$15.97 a barrel in Asian morning trade, after surging more than 30% yesterday. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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