Oil climbs further on unexpectedly large fall in US stocks

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Markets Oil climbs further on unexpectedly large fall in US stocks Decrease in US crude inventories reinforces views of a tightening supply-demand balance with road and air travel picking up in Europe and North America 23 June 2021 - 08:14 Sonali Paul The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France. Picture: REUTERS/CHRISTIAN HARTMANN Melbourne — Oil prices rose on Wednesday after industry data showed US crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America. US West Texas Intermediate (WTI) crude...