Oil Prices Stabilize As Traders Assess Weak Demand

  • International
  • 5 September 2024
1

Oil prices were flat in early trading on Thursday after an overnight sell-off, as traders assessed weak demand along with a possible delay to a planned entry of more supplies into the market next month.

November Brent crude futures rose nine cents, or 0.12 percent, to $72.79, after plunging 1.42 percent in the previous session. U.S. West Texas Intermediate crude futures for October delivery rose 12 cents, or 0.17 percent, to $69.32 after falling 1.62 percent on Wednesday.

Source (Al-Arabiya.net Website, Edited)

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