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Home News Oil & Energy

Oil steadies as U.S. fuel demand concerns face Middle East supply risks

admin by admin
April 25, 2024
in Oil & Energy
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Oil prices were steady on Thursday as concern about fuel demand after slower-than-expected U.S. economic growth was offset by worries of supply disruptions as Israel stepped up airstrikes on Gaza’s Rafah.

Brent crude futures rose 20 cents, or 0.2 per cent, to $88.22 a barrel by 1:30 p.m. ET (1730 GMT) while U.S. West Texas Intermediate crude futures was flat at $82.81.

U.S. economic growth slowed more than expected in the first quarter, but…



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Tags: centconcernEIAEnergyEnergy Information AdministrationgazaGrowthisraeloilpriceRafahriskunited statesweek
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