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Oil prices firm ahead of G20 meeting, but rising supply curbs gains

Reuters  |  SEOUL/SINGAPORE 

By Jane Chung and Naveen ThukralSEOUL/SINGAPORE (Reuters) - Oil prices edged up on Thursday on optimism that trade talks at the upcoming G20 meeting could help the global economy and improve demand, but gains were curbed after U.S. crude inventories hit their highest in a year. U.S. crude futures had risen 20 cents, or 0.4 percent, to $50.49 per barrel by 0737 GMT. The market ended the previous session down 2.5 percent at $50.29 a barrel, after marking its lowest since early October last year. International benchmark Brent crude gained 6 cents, or 0.1 percent, to $58.82 a barrel, having ...

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First Published: Thu, November 29 2018. 13:23 IST
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