Oil prices gained 1% on Wednesday, with Brent rising a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market. Brent crude was up by 59 cents, or 1%, at $58.34 a barrel by 0439 GMT, while U.S. oil was up 55 cents, or 1.1%, at $52.60 a barrel. China is still struggling to get manufacturing going again in the world’s second-largest economy, after imposing stringent city lockdowns and travel restrictions to …read more
Source:: Yahoo Finance
