Oil hits highest since September on trade hopes, OPEC cuts


LONDON, Dec 26 (Reuters) - Oil rose further above US$67 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower US crude inventories, by hopes of an end to the China-US trade dispute and OPEC-led efforts to constrain supply.

The American Petroleum Institute, an oil industry group, said late on Tuesday that US crude stocks fell by 7.9 million barrels last week, much more than the decline forecast by analysts.

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Oil and gas , brent , crude oil

   

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