Covid-19 concerns offset as crude futures rise

US inventory data boosts oil price despite rising number of pandemic cases

US inventories down: an aerial view of a crude oil storage facility is seen in Cushing, Oklahoma — US inventories down: an aerial view of a crude oil storage facility is seen in Cushing, OklahomaPhoto: AFP/SCANPIX

Nassir Shirkhani

Istanbul

Saudi Arabia Oil price USA Opec Americas

Published 30 July 2020, 07:20Updated 30 July 2020, 07:20