Oil slightly rises, approaches weekly gains of 3 percent

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Oil slightly rises, approaches weekly gains of 3 percent

[24/10/2024 11:46]

SINGAPORE-SABA
Oil prices rose slightly during early trading today, Thursday, recovering some of their losses in the previous session, which exceeded one percent after US crude inventories rose more than expected.

Brent crude futures rose 44 cents, or 0.59 percent, to $75.40 a barrel.

U.S. West Texas Intermediate crude futures rose 45 cents, or 0.64 percent, to $71.22 a barrel as markets worried about supplies.
Oil fell more than seven percent last week on concerns about Chinese demand and easing concerns about potential disruptions to oil supplies from the Middle East.