Oil prices edge higher on surprise U.S. stock drawdown, but demand concerns linger

Oil prices crept up on Thursday, supported by a surprise decline of U.S. crude inventories, but gains were capped by worries that a potential second wave of the coronavirus pandemic might trigger fresh lockdowns and slam fuel demand once again. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents, or 0.3%, to $25.37 a barrel. Crude stocks in the United States had billowed since mid-January on falling fuel demand around the world as a result of the pandemic. …read more

Source:: Yahoo Finance

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