Production

Oil soars on bullish US data as lockdowns ease

Crude futures soar to five-month highs as data suggests US inventories on downward trend

US in spotlight: inventory data positive for oil price but Covid-19 cases rising
US in spotlight: inventory data positive for oil price but Covid-19 cases risingPhoto: AP/SCANPIX
  • Nassir Shirkhani
Istanbul
OpecRussiaUSAOil priceAmericas
Published 5 August 2020, 15:02Updated 5 August 2020, 15:02