Sunday, January 26, 2025
Oil firms as dollar slips, but demand worries persist- oil and gas 360

Oil firms as dollar slips, but demand worries persist

Reuters LONDON – Oil rose about 1% on Thursday after early declines on a weaker dollar and U.S. inventory drawdowns, but delays to vaccine rollouts and fresh travel curbs to prevent new coronavirus outbreaks kept further gains at bay. Brent crude futures were up 53 cents at $56.34 a barrel by 1454 GMT, having hit a session low of $55.31.