Oil rises towards US$65 on signs glut easing, Iran doubts
American Petroleum Institute reported a drop in US crude stocks, a sign that a supply glut is easing. – Reuters pic, June 24, 2015. Oil rose towards US$65 (RM244) a barrel on Wednesday before a US government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing. The industry group American Petroleum Institute (API) on Tuesday reported a drop in US crude stocks, ahead of Wednesday's official data. Doubts over the likelihood of a deal next week on Iran's nuclear work also supported ...
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