Oil prices little changed though US reserve bid lends support

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SINGAPORE: Oil prices were little changed on Tuesday after falling in the previous session as a U.S.plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth exerted pressure.

West Texas Intermediate crude was down 1 cent at $67.37 a barrel.

Brent crude futures climbed 4 cents to $71.46 a barrel by 0705 GMT, while U.S.

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Category: EconomyBusiness

Markets: MalaysiaChinaIsraelSingapore

Topics: Energy WTI Brent /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 15:53:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 23322263

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