Oil extended gains from the highest settlement in almost 10 months after broader markets rallied and American crude stockpiles declined more than expected.
Futures in New York rose 0.5% to above $48 a barrel. Crude inventories dropped by 3.14 million barrels last week, more than the median estimate in a Bloomberg survey. Equity markets rallied and the dollar fell as optimism grew around a $900 billion U.S. spending package, while Europe expedited the rollout of a Covid-19 vaccine before Christmas.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.