Oil Updates – crude rises for second day on improving signs of US refinery demand

Oil Updates – crude rises for second day on improving signs of US refinery demand

SINGAPORE: Oil prices rose for a second day on Thursday on expectations that demand in the US, the world’s biggest oil consumer, will improve as refineries try to return to service after outages and as the dollar weakened, according to Reuters.

Brent crude futures rose 17 cents, or 0.2 percent, to $83.20 a barrel at 8:10 a.m. Saudi time. US West Texas Intermediate crude futures for April climbed 19 cents, or 0.2 percent, to $78.10 a barrel. Oil prices rose 1 percent on Wednesday. Oil Updates – crude rises for second day on improving signs of US refinery demand