Oil prices moved in opposite directions on Thursday, with Brent easing but holdi...
LONDON - Oil prices moved in opposite directions on Thursday, with Brent easing but holding above $60 a barrel while a sharp fall in U.S. inventories last week boosted WTI futures.
“If the API unexpectedly supplied bullets to oil bulls on Tuesday evening so that they could fire from all cylinders, the EIA flung the door of the ammunition depot wide open yesterday,” Tamas Varga of oil brokerage PVM said. “Trade tensions hanging like a dark cloud threatening to rain over oil prices,” said Jeffrey Halley, senior market analyst at OANDA.
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