Oil market recovered slightly from the recent sell-off
International benchmarks for crude oil inched slightly higher on Thursday, 9 November 2023 with Brent managing to climb above $80/barrel
International benchmarks for crude oil inched slightly higher on Thursday, 9 November 2023 with Brent managed to climb above the $80/barrel mark after a series of bearish economic data in the US and China, which coupled with ebbing Israel-Hamas conflict concerns triggered a sell-off.
Brent concluded at 47 cents higher, at $80.01/barrel.
WTI gained 41 cents to settle at $75.74/barrel.