You are here: Home » Reuters » News
Business Standard

Oil holds gains, buoyed by hopes for robust demand

Reuters  |  TOKYO 

By Aaron Sheldrick and Osamu TsukimoriTOKYO (Reuters) - Oil prices eased on Thursday, but held on to most of their gains in the previous session when the market was buoyed by a forecast for firmer global oil demand by the International Energy Agency.London Brent crude for November delivery was down 13 cents, or 0.2 percent, at $55.03 a barrel by 0247 GMT, after rising 1.6 percent on Wednesday.NYMEX crude for October delivery was down 9 cents, or 0.2 percent, at $49.21, after a 2.2 percent gain in the previous session.Wednesday's gains came despite U.S. government data showing another big ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, September 14 2017. 09:04 IST