Oil hits two-month high, further U.S. inventory drop seen

01 August 2017, London — Oil climbed towards $53 a barrel on Tuesday, reaching a two-month high, supported by signs that a persistent supply glut is starting to ease amid strong demand and OPEC-led production curbs. U.S. inventory reports due on Tuesday and Wednesday are expected to show crude stocks fell by 2.9 million barrels […] More »