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Oil buoyed by strong China imports, but supply worries linger


Thursday, 8 November 2018 19:50 WIB

Minyak WTIMinyak jenis Brent


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Oil futures rose slightly Thursday, with analysts tying support to data showing strong crude imports by China in October, though upside was expected to remain limited by perceptions of ample global supply.

West Texas Intermediate crude for December delivery on the New York Mercantile Exchange was up 22 cents, or 0.4%, to $61.89 a barrel, a day after closing at a nearly eight-month low. January Brent crude was up 17 cents, or 0.2%, at $72.24 a barrel.

In other energy trade, December gasoline rose 0.5% to $1.655 a gallon, while December heating oil fell 0.6% to $2.2234 a gallon.

Marketwatch


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