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Brent oil gains $1 to claw back some losses

Reuters  |  TOKYO 

By Aaron SheldrickTOKYO (Reuters) - Brent crude rose more than $1 on Thursday, recouping some ground after its biggest one-day drop in two years in the previous session on news that Libya would resume oil exports and U.S.-China trade tensions.Brent crude rose $1.31, or 1.8 percent, to $74.71 by 0242 GMT after slumping 6.9 percent on Wednesday. U.S. West Texas Intermediate (WTI) added 42 cents, or 0.6 percent, to $70.80, after falling 5 percent the previous session."Markets in Asia are a lot more settled today," said Greg McKenna, chief market strategist at AxiTrader in Sydney."Moves, the like ...

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First Published: Thu, July 12 2018. 08:51 IST