| The oil market staged a dramatic rebound in late trade to return to 2016 highs after unexpectedly low US supply data trumped market concerns over the abrupt end to strike action in Kuwait.
The anticipated increase in Kuwaiti supply following the sooner than expected end to a three-day oil worker strike late on Tuesday pushed the benchmark Brent crude price down more than 2.5pc to lows of $43 a barrel by Wednesday morning. But a surprising weekly US oil stock report triggered a late 4.5pc surge to just over $45 by 18:00 BST...............................................Full Article: Source
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