Oil sees short term gains with lower US crude oil inventories
(WorldNews Business)

Abu Dhabi: Lower US crude oil inventories - coupled with a tropical storm in the Gulf of Mexico that is threatening oil production - are expected to provide further short-term gains for oil, analysts said, though the threat of oversupply continues to linger over the market in the long term. Oil markets have risen to their highest levels in the last seven weeks, with Brent trading at $66.89 (Dh245.65) and West Texas Intermediate at $60.39 on...