Saturday, November 30, 2024
Brent crude steady as supply cuts offset economic fears- oil and gas 360

Brent crude steady as supply cuts offset economic fears

CNBC Brent crude oil prices were little changed on Wednesday as supply cuts announced this week by top crude exporters Saudi Arabia and Russia countered concern over the global economy. The Brent benchmark was up 45 cents, or 0.6%, at $76.70 a barrel by 1320 GMT, after falling more than $1 in early trade. The benchmark closed with a $1.60 gain