Oil hovers near six-month peak as U.S. stockpile build counters supply fears

April 24, 2019 admin Business News Comments Off on Oil hovers near six-month peak as U.S. stockpile build counters supply fears

Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.

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Source:: Reuters – Business News