Oil prices rebound slightly on short-covering

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The story "Oil prices rebound slightly on short-covering" was covered 1 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 1w ago

Oil prices rebound slightly on short-covering - The Star

Quick Summary:

Oil prices rebounded slightly on Wednesday on short-covering a day after they fell near a two-week low on Opec's reduced demand forecast, but gains were limited as the dollar hit a seven-month high.

Brent crude futures settled up 39 cents, or 0.5%, to US$72.28 a barrel.

Iran's oil minister said Tehran had made plans to sustain oil production and exports and was ready for possible oil curbs by the US, the ministry's news website Shana reported.