SEOUL: Oil prices were lifted by an unexpected drop in US crude stocks, but gains were capped by both a bleak outlook for the world’s No. 1 economy as the coronavirus pandemic crushes fuel demand and concern over a potential second wave of cases.
Brent crude futures were up 6 cents, or 0.2%, at US$29.25 per barrel at 0401 GMT yesterday. US West Texas Intermediate (WTI) crude futures were up 18 cents, or 0.7%, to US$25.47 a barrel.
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