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Oil prcies edge higher, but demand concerns persist
July 29, 2020
Source: Reuters

Oil prcies edge higher, but demand concerns persist

Oil prices climbed on Wednesday after a surprise drop in U.S. crude inventories was enough to offset concerns about U.S. fuel demand amid record increases in COVID-19 infections in some states. Brent crude was up by 0.4%, at $43.40 a barrel. U.S. WTI crude gained 0.3%, to $41.16 a barrel. But, the raging COVID-19 pandemic is keeping alive concerns about falling fuel demand causing an oversupplied market.

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