Oil prices were nearly flat on Wednesday as signs of tighter U.S. supplies countered economic data that dampened the outlook for energy demand.
Brent crude futures edged higher 2 cents to $88.09 a barrel as of 0003 GMT, while U.S. West Texas Intermediate crude futures dipped 5 cents to $83.69 a barrel.
The benchmark prices have fallen in each of the previous three sessio…
Read moreOil prices were mixed on Tuesday, with the U.S. benchmark dipping while Brent extended gains from the previous session, as attacks by Yemen’s Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.
Brent crude futures rose 10 cents, or 0.13%, to $78.05 a barrel at 0330 GMT. The front-month U.S. West Texas Intermed…
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