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SINGAPORE :Oil prices were mostly stable on Thursday as the markets await U.S. crude oil stockpiles data, though resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand. Brent futures dipped 4 cents or 0.05 per cent to $83.56 a barrel at 0330 GMT,
Brent futures lost 9 cents, or 0.1%, to trade at $83.52 a barrel, while U.S. West Texas Intermediate (WIT) crude was down 3 cents, or 0.04%, to $79.19 at 0046 GMT.
U.S. West Texas Intermediate (WIT) crude fell 0.04%, to $79.19, while Brent futures shed 9 cents, or 0.1%, to trade at $83.52 a barrel.
Before Market Opens: Indian markets are set to open on a lower note on Thursday following rise in bond yields and fall in global peers ahead of US GDP data due tomorrow. Meanwhile, Gift Nifty was also trading 71 points lower. Let's take a look at some key cues before the market opens today:
Oil prices were mostly stable on Thursday as the markets await U.S. crude oil stockpiles data, though resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a... -May 30, 2024 at 12:00 am EDT - MarketScreener