Oil prices recover from 6-month lows after drop in U.S. stockpiles
newscatcher
2022-08-17 02:30
Oil prices recover from 6-month lows after drop in U.S. stockpiles
Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. REUTERS/Angus Mordant/File photo TOKYO – Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession. Brent crude futures rose 13 cents, or 0.1 percent, to $92.47 a barrel by 0035 GMT. West Texas Intermediate (WTI) crude futures climbed 27 cents, or 0.

https://business.inquirer.net/357724/oil-prices-recover-from-six-month-lows-in-previous-days

#inquirer
Hide Comments Comments (0)

You must login before you can post a comment.