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Oil rises on US Crude Stocks Data, Tight Supply Outlook

Kamis, 18 Agustus 2022 | 18:45 WIB
Oil rises on US Crude Stocks Data, Tight Supply Outlook

ILUSTRASI. Oil prices rose on Thursday as robust US fuel consumption data and expected falls in Russian supply later in the year. REUTERS/Bing Guan

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Oil prices rose on Thursday as robust US fuel consumption data and expected falls in Russian supply later in the year offset concerns that a possible recession in developed economies could undercut demand.

Brent crude LCOc1 futures climbed US$ 1,27,or 1,4% to US$ 94,92 a barrel by 1117 GMT. US crude CLc1 futures gained 93 cents or 1,1% to US$ 89,04 a barrel.


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