Oil climbs as US oil inventories fall

Slowing of new Covid-19 cases in China also helps provide further support for prices

Positive movement: oil prices moved higher in early trade on Wednesday following a fall in US inventories — Positive movement: oil prices moved higher in early trade on Wednesday following a fall in US inventoriesPhoto: REUTERS/SCANPIX

Reuters

USA China American Petroleum Institute Africa Americas

Published 27 January 2021, 06:12Updated 27 January 2021, 06:12