Oil up on expected U.S. oil stock drawdown, but China gloom tempers gain

Economy
  • 22-08-2023, 09:24
    • +A -A

    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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