Oil rises as investors watch Middle East concerns
Weak demand and more signs of slowing global economic growth have capped gains
25 July 2019 - 07:48
Tokyo/Singapore — Oil prices edged higher on Thursday amid lingering Middle East tensions and after US crude stocks dropped more than expected, but gains were stemmed by a fragile demand outlook amid more signs of slowing global economic growth.
Brent crude futures rose 17 cents, or 0.27%, to $63.35 a barrel by 3am GMT, after dropping 1% overnight — the first fall in four sessions...
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