Oil Prices Rebound in Asian Trade Wednesday


(MENAFN- Qatar News Agency) Oil futures rebounded in Asian trade on Wednesday, buoyed by a less than expected build in crude oil stockpiles last week and a weakening dollar.

Brent futures climbed 49 cents to $39.63 a barrel as of 0712 GMT after settling down $1.13 in the previous session.

US crude rose 61 cents to $38.89 a barrel after ending the previous session down $1.11.

Meanwhile, the dollar index fell on Wednesday after slipping to an eight-day low in the previous session.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.