Oil up on expected U.S. oil stock drawdown, but China gloom tempers gain
Economy
- 22-08-2023, 09:24
INA-source
Oil prices were up in early trade on Tuesday ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China’s economy limited the upside.
Brent crude
was up 10 cents at $84.56 a barrel and U.S. West Texas Intermediate crude
was trading 9 cents higher at $80.81 a barrel at 0101 GMT. WTI’s contract with September expiry
was up 11 cents at $80.23 a barrel.
Source- cnbc
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