Oil in longest rally in two years as vaccines boost demand hopes


LONDON (Reuters) - Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer supply cuts and hopes that vaccine rollouts will drive a recovery in demand.

The American Petroleum Institute said on Tuesday crude inventories fell by 3.5 million barrels, versus expectations for a 985,000-barrel build. The Energy Information Administration's official stocks report is due at 1530 GMT.

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Crude oil , Brent

   

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