Ammon News - Oil prices edged higher for a third straight session on Thursday over market anxiety about supply risks due to simmering tensions in the Middle East, with a steep draw in U.S. crude stockpiles also helping a recovery from multi-month lows.

Brent crude futures rose 6 cents, or 0.1%, at $78.39 a barrel by 0540 GMT, while U.S. West Texas Intermediate crude gained 16 cents, or 0.2%, to $75.39. Both the benchmarks had recovered from near-2024 lows they had plunged to earlier this week due to a U.S. recession and a selloff in global stocks.

Reuters