Brent crude price climbed more than half a percent, recouping losses from the previous session. Its rise was supported by supply tightness owing to OPEC production cuts and renewed optimism on the outlook for Chinese demand and global growth.
In intra-day trade, Brent crude was trading at 83 dollars and 52 cents per barrel. West Texas Intermediate crude price was at 79 dollars and 52 cents per barrel.
News On AIR | July 27, 2023 4:34 PM | Oil prices s | US and European central banks
Brent crude price climbs more than half a percent, recouping losses from previous session
