Brent and WTI crude edge up as oversupply fears ease slightly after price lows

Brent and WTI crude futures rise as oversupply pressures ease and demand outlook improves, offering glimmers of stabilization after recent price lows.

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Brent and WTI crude edge up as oversupply fears ease slightly after price lows

Brent and WTI crude edge up as oversupply fears ease slightly after price lows
Oil markets saw modest gains today as both Brent and WTI crude futures rebounded from a one month low, amid signs that oversupply concerns may be easing. Market watchers noted that short-covering and soft economic data in major economies improved demand expectations. Brent rose to around $62.75 per barrel, while WTI climbed to approximately $58.20. 
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  • commodities
  • oil