Oil Prices Edge up on Short Cov­er­ing

The Economic Times - - Finance & Commodities -

Oil prices gained slightly as in­vestors cov­ered short po­si­tions af­ter a rise in US crude in­ven­to­ries was not as mas­sive as many had feared. Brent crude fu­tures were trad­ing at $55.20 per bar­rel by 1:54 p.m. EST (1854 GMT), up 15 cents or 0.3% from their pre­vi­ous close.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.