Reported 4 months ago
Oil prices stabilized slightly in early trading on Thursday following a sell-off, influenced by weak demand and potential delays to an increased output from OPEC+. Brent crude rose to $72.79 while U.S. West Texas Intermediate climbed to $69.32, both still recovering from previous declines. OPEC+ is reconsidering its planned output hike after prices fell to a nine-month low, coinciding with concerns over China's manufacturing slowdown impacting demand.
Source: YAHOO