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Oil rises from its lowest level in 16 weeks

[02/10/2025 11:21]

SINGAPORE-SABA
Oil prices rose today, Thursday, ending a three-day losing streak, recovering from their lowest levels in 16 weeks, but expectations of increased supply from "OPEC+" next month limited the gains.

Brent crude futures climbed 15 cents, or 0.2 percent, to $65.50 per barrel.

U.S. West Texas Intermediate crude rose 14 cents, or 0.2 percent, to $61.92 per barrel.