Oil Updates – crude stabilizes after sharp drop on demand concerns, easing of Middle East tension

NEW DELHI: Oil prices were little changed after a 3 percent drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided, according to Reuters. Brent futures were up 13 cents, or 0.15 percent, at $87.42 a barrel, while US West Texas Intermediate crude futures traded 6 cents higher, up 0.07 percent, at $82.75 a barrel at 9:36 a.m. Saudi time. 

  News   Apr 18, 2024   0   78  Add to Reading List
Oil Updates – crude stabilizes after sharp drop on demand concerns, easing of Middle East tension
NEW DELHI: Oil prices were little changed after a 3 percent drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided, according to Reuters. Brent futures were up 13 cents, or 0.15 percent, at $87.42 a barrel, while US West Texas Intermediate crude futures traded 6 cents higher, up 0.07 percent, at $82.75 a barrel at 9:36 a.m. Saudi time. 
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