Brent tops $94/b as US drains reserves

18.08.2022

Oil climbed about $2 after hitting a six-month low earlier on Wednesday as U.S. government data showed a much larger than expected draw in crude inventories thanks to strong export demand.

U.S. crude stocks fell by 7.1 million barrels in the week to Aug. 12 to 425 million barrels, according to data...