Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about
April 26, 2024
Oil prices were largely unchanged in Asian morning trade as investors weighed optimistic demand forecasts from the OPEC producer group against mixed economic data in top importer China. Brent crude fell 4 cents to $86.36 a barrel at 0310 GMT, while U.S. West Texas Intermediatecrude futures were down 2 cents at $82.80 a barrel. Both benchmarks have been on a sustained rally since June, with West Texas Intermediate crude (WTI) trading on Thursday at its highest this year and Brent hitting its best price since January. “Oil markets may have been overbought
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