Oil prices edge up after two days of steep falls


SINGAPORE: Crude oil prices recovered on Thursday after a two-day slide, although high US stocks and strong global production, along with a firm dollar, were keeping markets under pressure.

The gains followed two days of steep falls as a resurgent dollar weighed on the market amid concerns that US crude supplies may have started rising again after three weeks of draws.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Asia shares rally on China's gains, Fed cut bets; yen weakens
A real need for local giants
Data centre boom - at watt cost?
Global momentum continues to lift Bursa Malaysia
Indonesia's Q1 GDP growth beats forecasts, at highest in 3 qtrs
Proton sales rise 17.1% in April
ECB rate cut case getting stronger, says chief economist Lane
Malaysia Book of Records appoints Christopher Wong as CEO
Oil nudges higher after Saudi Arabia hikes prices
China's services activity eases in April but still solid, Caixin PMI shows

Others Also Read