Oil price soars | The Daily Star
12:00 AM, April 20, 2018 / LAST MODIFIED: 12:00 AM, April 20, 2018

Oil price soars

Oil surged Thursday close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London stocks rose with drugmaker Shire boosted by a possible takeover battle.

World oil prices extended Wednesday's gains on the back of data showing a drop in US stockpiles -- indicating improved demand -- and expectations that a Russia-OPEC output cap deal will be kept in place.

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