Listen to this article


A tentative rebound in crude oil prices on Thursday is in now flux, with both major benchmarks having given up some of their earlier intraday gains.

Brent crude was up 0.4 per cent at $53.12 a barrel after rising as much as 0.8 per cent. The international marker had dropped 3.6 per cent the previous day on news of a rise in US gasoline stockpiles.

West Texas Intermediate was up 0.2 per cent at $50.55, walking back gains of as much as 0.7 per cent. The US marker closed down 3.8 per cent on Wednesday.

Copyright The Financial Times Limited 2017. All rights reserved.

Follow the topics mentioned in this article

Follow the authors of this article

Comments have not been enabled for this article.