Oil Up Over Bigger-Than-Expected Draw in US Crude Supplies By Investing.com – Investing.com

Oil Up Over Bigger-Than-Expected Draw in US Crude Supplies By Investing.com – Investing.com

By Gina Lee

Investing.com – Oil was up Thursday morning in Asia, continuing its upward trend as the latest U.S. crude oil supply data showed a .

The black liquid also benefitted from increasing investor risk appetite as concerns that China Evergrande Group (HK:)would default on its loans and impact the second-largest economy somewhat eased.