Brent holds price setting, braving stockpiles of unsold US crude

29.05.2020

Oil futures dipped and then bounced to trade around even on Thursday after U.S. crude and distillate inventories rose much more than expected, with traders also worried that China’s new Hong Kong security law could result in trade sanctions.

The U.S. Energy Information Administration (EIA) said crude inventories rose 7.9 million...