(Bloomberg) — Oil in New York eased from a four-month high on signs of a surprise gain in U.S. crude stockpiles, raising fresh concerns about supply as many regions struggled to get the pandemic under control.The American Petroleum Institute reported crude inventories rose by 7.54 million barrels last week, according to people familiar with the figures, which would be the biggest increase since May if confirmed by government data on Wednesday. Meanwhile, President Donald Trump warned that the coronavirus outbreak in the U.S. will probably worsen before improving.Oil surged Tuesday after European Union leaders agreed on a giant stimulus package …read more
Source:: Yahoo Finance
