ALBAWABA - Oil prices witnessed, during early Asian trading, Tuesday, a slight change, especially with the markets focusing on the developments of the banking crisis.
Brent crude prices fell by two cents, to $78.10 a barrel, while the price of U.S. West Texas Intermediate crude rose eight cents, or 0.1 percent, to $72.89 a barrel, Wall Street Journal reported.
Oil prices bounce off support as bank jitters ease#OilPrices #BrentCrude #Gold #Silver #Copper pic.twitter.com/H4EEaWMqqt
— ET NOW (@ETNOWlive) March 28, 2023
A research unit of the China National Petroleum Corporation expected, on Monday, that China's imports of crude oil would rise 6.2 percent to 540 million tons in 2023 compared to last year.
#Crude prices moved in narrow range in early Asian trade on Tuesday after rallying in last session, with oil markets focused on developments in banking crisis as well as on supply concerns and indications of strengthening demand. #Brent crude futures fell 0.2% to $78/barrel.
— Neha Anand (@Neha_1007) March 28, 2023
Meanwhile, U.S. crude oil inventories rose by about 200,000 barrels last week.
