Offshore

Oil holds gain above USD 46 as demand seen helping drain stockpiles

The oil price remains above USD 46 per barrel on a surge of optimism that increasing demand could help shrink stockpiles to outweigh US drillings for crude oil.
BY HEESU LEE, BLOOMBERG

Oil held gains above USD 46 a barrel as optimism that demand will help shrink supplies outweighed an increase in US rigs drilling for crude.

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