Oil hits seven-week high on demand hopes, war jitters
Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose.
Brent crude futures gained 23 cents, or 0.3%, at $85.56 a barrel by 1525 GMT, while U.S. West Texas Intermediate crude was up 18 cents, or 0.2%, at $81.75 per barrel.
Official stocks data from the U.S. Energy Information Administration is due on Thursday.
Reuters
Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose.
Brent crude futures gained 23 cents, or 0.3%, at $85.56 a barrel by 1525 GMT, while U.S. West Texas Intermediate crude was up 18 cents, or 0.2%, at $81.75 per barrel.
Official stocks data from the U.S. Energy Information Administration is due on Thursday.
Reuters
Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose.
Brent crude futures gained 23 cents, or 0.3%, at $85.56 a barrel by 1525 GMT, while U.S. West Texas Intermediate crude was up 18 cents, or 0.2%, at $81.75 per barrel.
Official stocks data from the U.S. Energy Information Administration is due on Thursday.
Reuters
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Oil hits seven-week high on demand hopes, war jitters
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