Surprise fall in US inventories provides support for oil prices

Analysts had been anticipating a rise in US crude inventories as the continued rise in coronavirus cases has caused concern for demand

Surprise: an unexpected fall in US oil inventories saw prices rise in early Asian trade on Wednesday — Surprise: an unexpected fall in US oil inventories saw prices rise in early Asian trade on WednesdayPhoto: AP/SCANPIX

Reuters

USA American Petroleum Institute Stephen Innes Hong Kong production

Published 29 July 2020, 04:12Updated 29 July 2020, 04:12