OIL PRICE: ABOVE $56
REUTERS - JANUARY 13, 2021 - Oil prices were higher on Wednesday, with U.S. crude gaining for the seventh straight day, after industry data showed a bigger than expected drop in inventories and investors shrugged off rising new deaths and infections in the pandemic.
U.S. West Texas Intermediate (WTI) was up 34 cents, or 0.6%, at $53.55 a barrel by 0805 GMT after gaining nearly 2% on Tuesday. Brent crude was up 36 cents, or 0.6%, at $$56.94, having risen 1.7% in the previous…
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