Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions that were driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts. Brent crude was trading at $77.94 a barrel, up 25 cents, or 0.3% as of 0252 GMT. U.S. West Texas Intermediate crude added 12 cents or 0.2% to trade at $74.42.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Oil prices rise over $1 on Middle East tensions

Oil prices rose over $1 on Friday as U.S. Secretary of State…

G7 aim to have price control on Russian oil

Brussels: On July 27, the Group of Seven richest economies aims to…

Gulf investors launch $2bn arbitration case against Pakistan over KE dispute

In a shocking development, Saudi and Kuwaiti investors in K-Electric have launched…

Germany makes billions from debt issuance

Berlin: It emerged on December 22 that the German government earned billions…