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

Stephen Innes USA American Petroleum Institute Donald Trump United Kingdom

Published 30 December 2020, 04:55Updated 30 December 2020, 04:55