Oil prices edge higher on surprise U.S. stock drawdown, but demand concerns linger
Oil prices crept up on Thursday, supported by a surprise decline of U.S. crude inventories, but gains were capped by worries that a potential second wave of the coronavirus pandemic might trigger fresh lockdowns and slam fuel demand once again
Brent crude futures rose 6 cents, or 0.2%, to $29.25 per barrel at 0045 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents, or 0.3%, to $25.37 a barrel. Source Reuters