Tag Archives: Oil prices steady as drawdown in US crude stocks counters China Covid concerns

Oil prices were little changed on Wednesday as a larger-than-expected draw in United States crude stocks offset worries about rising Covid-19 cases in top oil importer China. Brent crude futures rose seven cents, or 0.1 per cent, to $80.06 per barrel by 0404 GMT, while US West Texas Intermediate (WTI) crude futures gained four cents, or 0.1pc, to $76.27. US …

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