Oil prices rose nearly 2 per cent on Wednesday following a drawdown in US crude inventories from record highs and a string of positive manufacturing data, but a surge in coronavirus cases tempered gains.
Brent crude rose 80 cents, or 1.9 per cent , to $42.07 a barrel by 12:43 p.m.
EDT (16:43 GMT).
US crude rose 59 cents, or 1.5 per cent , to $39.86 a barrel.
US crude inventories fell more than expected, dropping by 7.2 million barrels last week, after hitting all-time highs for three consecutive weeks, Energy Information.....