US oil prices on Thursday extended their sharp climb from the session before amid rising stock markets, but worries over a glut in crude supply and concerns over a faltering global economy kept a lid on gains.
US West Texas Intermediate (WTI) crude futures, were up 26 cents, or 0.56 percent, at $46.48 per barrel at 0032 GMT. They jumped 8.7 percent to $46.22 per barrel in the previous session. Brent crude oil futures had yet to trade. They rose 8 percent to $54.47 a barrel the day before.
Global stocks rebounded on Wednesday on the back of the Trump administration's attempt to shore up investor confidence and a report on strong U.S. holiday spending.
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996
US West Texas Intermediate (WTI) crude futures, were up 26 cents, or 0.56 percent, at $46.48 per barrel at 0032 GMT. They jumped 8.7 percent to $46.22 per barrel in the previous session. Brent crude oil futures had yet to trade. They rose 8 percent to $54.47 a barrel the day before.
Global stocks rebounded on Wednesday on the back of the Trump administration's attempt to shore up investor confidence and a report on strong U.S. holiday spending.
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996
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