Oil prices were trying to stabilize in early trading on Thursday following a decline overnight, with market participants contending with low demand and the potential postponement of additional supply coming into the market next month.
Brent crude futures for November increased by 9 cents, or 0.12%, to $72.79 at 0002 GMT, recovering slightly after a 1.42% drop in the previous session. Similarly, U.S. West Texas Intermediate crude futures for October rose by 12 cents, or 0.17%, to $69.32, after a 1.62% decrease on Wednesday.
Comments
Post a Comment