“Oil prices were little changed on Thursday after falling in the previous session, as signs of strengthening fuel demand and shrinking US inventories outweighed concerns about the outlook for global demand.”, — write: www.epravda.com.ua
Oil prices were little changed on Thursday after falling in the previous session, as signs of strengthening fuel demand and shrinking US inventories outweighed concerns about the outlook for global demand.
About this informs Reuters.
Brent crude futures were up 6 cents, or 0.08%, at $73.52 a barrel, while U.S. West Texas Intermediate crude was up 2 cents, or 0.03%. to 69.71 dollars per barrel.
Oil prices fell more than 2% on Wednesday as concerns over supply disruptions in Libya eased and demand concerns remained despite China’s latest economic stimulus plans. Oil prices initially rose after the stimulus announcement from the world’s largest oil importer.
Signs of Libyan oil returning to the market are also weighing on prices after delegates from eastern and western Libya agreed on a process to appoint a central bank chief, a move that could help resolve a crisis over control of the country’s oil revenues that has led to disruptions to exports.
We will remind:
Oil prices have grown against the background of news about new monetary stimulus measures from the largest importer – China, fears about the escalation of tensions in the Middle East and a hurricane in the USA.