Brent crude futures settled up 80 cents, or 1.2%, at US$69.67 a barrel after touching a low of $65.72 on the day, while U.S. West Texas Intermediate (WTI) crude futures rose 93 cents, or 1.4%, to $66.50, after dipping as low as $62.43.
NEW YORK: Oil prices settled more than 1% higher on Thursday, after a see-saw session that saw benchmarks swing in a $5 range after OPEC+ surprised markets by sticking to its plans to boost output slowly.
Brent crude futures settled up 80 cents, or 1.2%, at US$69.67 a barrel after touching a low of $65.72 on the day, while U.S. West Texas Intermediate (WTI) crude futures rose 93 cents, or 1.4%, to $66.50, after dipping as low as $62.43.
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