SINGAPORE – Oil edged up in early commerce on Thursday, extending positive aspects for a fourth consecutive day, as crude loading disruptions in Turkey and optimism over China’s recovering demand continued to buoy sentiment.
Brent crude futures rose 14 cents, or 0.2 p.c to $85.26 a barrel by 0239 GMT, whereas U.S. West Texas Intermediate (WTI) crude futures firmed 11 cents, or 0.2 p.c larger, to $78.58 a barrel.
Both benchmarks have gained greater than 6 p.c to date this week.
BP Azerbaijan declared pressure majeure on Azeri crude shipments from the Turkish port of Ceyhan on Feb.7 after an enormous earthquake struck Turkey and Syria early on Monday. The catastrophe had halted operations at Ceyh…
Keep on studying: Oil rises for 4th day because of provide disruptions, optimism over China demand