Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has persisted despite the Organisation of the Petroleum Exporting Countries (Opec)-led efforts to balance the market. Brent crude futures were up 43 cents at $45.25 a barrel at 12:29 GMT, after falling as low as $44.53 earlier in the day. They fell 2.6 percent in the previous session to $44.35, their lowest since November. US crude futures were up 30 cents at $42.83 a barrel, after also slipping earlier in the day. On Wednesday, they touched $42.05, their lowest intraday ...
Brent crude oil edges back above $45, but supply glut pressure remains
Nigeria's crude exports to exceed 2 million bpd in August, the highest level planned for 17 months