Oil prices surge again US stockpiles grow less than feared, output cuts kick in

Unknown April 30, 2020 0

TOKYO (Reuters) - Oil prices jumped on Friday, extending the previous session's gains, buoyed by a lower-than-expected gain in U.S. crude inventories and the start of output cuts in a bid to offset a slump in fuel demand triggered by the coronavirus pandemic.

The post Oil prices surge again US stockpiles grow less than feared, output cuts kick in appeared first on Firstpost.

from Firstpost

No comments

Subscribe to: Post Comments ( Atom )