Oil prices fluctuate as investors worry about demand outlook – The National

Oil prices fluctuate as investors worry about demand outlook – The National

Oil prices fluctuated on Thursday as recession risks continue to dent the global demand outlook despite a tight crude market.

Brent, the benchmark for two thirds of the world’s oil, was trading 0.51 per cent higher at $92.92 a barrel at 11.22am UAE time.

West Texas Intermediate, the gauge that tracks US crude, was up 0.33 per cent at $87.56 a barrel.