Tokyo — Oil prices were mixed on Thursday, with Brent edging higher towards the psychological $70 level after easing in the previous session on data showing a surprise build in US inventories.
Global benchmark Brent has risen nearly 30% so far in 2019, while WTI has gained nearly 40c, with prices underpinned by tightening global supply and signs of demand picking up. The Caixin-Markit services purchasing managers index rose to 54.4, the highest since January 2018 and up from February’s 51.1, a four-month low, a private business survey of China’s service sector showed on Wednesday.
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Oil rises amid concern about supplyBrent adds to gains made in the first quarter, as worry about supply outweighs the fear of a slowing global economy
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil rises amid concern about supplyBrent adds to gains made in the first quarter, as worry about supply outweighs the fear of a slowing global economy
Source: BDliveSA - 🏆 12. / 63 Read more »