Oil prices fluctuate after two-day rally

- Business - April 13, 2023

Oil prices fluctuated on Thursday after a two-day rally as traders looked to consolidate their positions amid signs of a tightening market and encouraging US inflation data. Brent, the benchmark for two third of the world’s oil, was 0.55 percent lower at $86.83 a barrel. West Texas Intermediate, the gauge that tracks US crude, was down 0.49 percent at $82.85 a barrel.