TOKYO: Oil prices advanced on Thursday as a drawdown of US crude inventories and output cuts by major producers helped ease concerns about a supply glut, though lingering fears over the global economic fallout from the Covid-19 pandemic capped gains.
Brent crude futures for July delivery were trading up 33 cents, or 0.9%, at US$36.08 per barrel at 0344 GMT, rising for a second day.
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