Brent veers up for the day, remains capped by bug

02.07.2020

Oil prices rose nearly 2% on Wednesday following a drawdown in U.S. crude inventories from record highs and a string of positive manufacturing data, but a surge in coronavirus cases tempered gains. Brent crude rose 80 cents, or 1.9%, to $42.07 a barrel by 12:43 p.m. EDT (1643 GMT). U.S....