Oil holds near $85/bbl on stronger demand prospects
LONDON - Oil prices steadied near 2-month highs on Thursday, with Brent crude trading near $85 a barrel buoyed by expectations that a strong economic recovery will boost demand, but rising US inventories and high inflation capped gains.Brent crude futures gained 15 cents, or 0.2 per cent, to $84.82 a barrel, by 1024 GMT. US West Texas Intermediate (WTI)...
Source: omanobserver.om