 "oil")
Oil held gains near the highest since 2018 amid a global energy crunch that’s set to increase demand for crude, while stockpiles are falling from the U.S. to China.
Futures in London traded above $77 a barrel, heading for a third straight weekly increase. Global onshore crude inventories plunged by almost 21 million barrels last week, led by China, according to data analytics firm Kayrros, while U.S. stocks are near a three-year low. The surge in natural gas prices is expected to force some consumers to switch to oil, tightening the market further ahead of the northern hemisphere winter.
China on Friday
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