Oil climbs as investors focus on looming OPEC+ decision | Reuters
Climbing oil prices on Thursday erased the previous day's losses, with investors adjusting positions ahead of an OPEC+ decision on supply policy, though gains were capped by fears that the Omicron coronavirus variant could hit fuel demand.
Brent crude futures rose $1.56, or 2.3%, to $70.43 a barrel by 1040 GMT, having eased 0.5% in the previous session.
U.S. West Texas Intermediate (WTI) crude futures gained $1.52, or 2.3%, to $67.09 after a 0.9% drop on Wednesday.
Global oil prices have lost more than $10 a barrel since last Thursday, when news of Omicron first shook investors.
No comments:
Post a Comment