PREMIUM FEATURES

Oil soars on signs of demand resurgence

OIL prices jumped above the $US40 a barrel mark last night, rallying on signs of a rebound in energy demand in the world's top consumer, the United States.

Marija Stojkovic

In its weekly report, the US Energy Department said American gasoline stockpiles fell by 3.4 million barrels in the week ended February 20. Consumption averaged 9MMbbl a day over the past four weeks, up...

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