Production

Oil gains more ground on hopes of demand recovery

A weaker greenback and a fall in US crude inventories helps provide more support for oil prices

Positive movement: oil prices gained ground in early trade on Wednesday on renewed hopes for demand
Positive movement: oil prices gained ground in early trade on Wednesday on renewed hopes for demandPhoto: REUTERS/SCANPIX/
  • Reuters
Published 30 December 2020, 04:55Updated 30 December 2020, 04:55
Stephen InnesUSAAmerican Petroleum InstituteDonald TrumpUnited Kingdom