Oil Prices Climb On Weaker US Dollar, Uncertainty Around OPEC+ Output

Quick Summary:

Oil prices edged higher on Thursday as a weaker US dollar and mixed economic signals offset concerns over potential supply increases from the OPEC+ alliance.

Brent crude futures settled at US$66.55 a barrel, up 43 cents or 0.7%, while US West Texas Intermediate (WTI) crude gained 52 cents or 0.8% to close at US$62.79.

The US dollar softened as investor sentiment weakened amid stalled trade negotiations between the US and China.

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Category: EconomyBusiness

Markets: MalaysiaChinaUkraine

Topics: Oil prices News Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 23:33:38 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Today

News ID: 28201330

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