Oil rises as investors await US inventory data
The subdued dollar and Fed chair Jerome Powell’s comments on interest rates help crude benchmarks inch up
Source: businesslive.co.za
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The subdued dollar and Fed chair Jerome Powell’s comments on interest rates help crude benchmarks inch up
“I think we're in a reasonably balanced market,” says economist.
Brent crude futures rose by one cent to $83.70 a barrel at 0405 GMT
Oil prices were little changed on Wednesday amid subdued movements in the dollar, and as investors waited for more inventory data for more clues on demand trends.
“I think we're in a reasonably balanced market,” says economist.