Oil prices gain on fall in U.S. crude stockpiles – ZAWYA

Oil prices gain on fall in U.S. crude stockpiles – ZAWYA

Oil prices gain on fall in U.S. crude stockpiles | ZAWYA MENA Edition HomeMarketsCommoditiesArticleOil prices gain on fall in U.S. crude stockpiles Brent crude futures were up 21 cents or 0.5% at $42.24 a barrel    Image used for illustrative purpose. A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020. Carina Johansen/NTB Scanpix/via REUTERSLONDON  - Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand.U.S. non-farm payrolls increased by 4.8 million in June, the Labor Department reported on Thursday, beating expectations. Brent crude futures were up 78 cents or 1.86% at $42.81 a barrel by 1556 GMT, after rising 1.8% in the previous session.U.S. non-farm payrolls increased by 4.8 million in June, the Labor Department reported on Thursday, beating expectations. LONDON  - Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand.Brent crude futures were up 78 cents or 1.86% at $42.81 a barrel by 1556 GMT, after rising