Oil climbs back above US$50 after Monday's drop
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
London
OIL climbed amid speculation that the drop below US$50 a barrel in London for the first time since January was excessive.
Brent futures gained 1.7 per cent, paring a 5.2 per cent fall on Monday. US oil prices have slumped close to levels that will curb supply growth, according to consultant Petromatrix GmbH. The nation's crude inventories probably declined for a second week, according to a Bloomberg survey before government data due on Wednesday.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
