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Oil Rebounds From 16-Week Lows
(MENAFN- Gulf Times) Oil prices rose on Thursday, snapping a three-day losing streak and rebounding from 16-week lows.
Brent Crude futures gained 15 cents, or 0.2%, to $65.50 a barrel.
US West Texas Intermediate crude climbed by 14 cents, or 0.2%, to $61.92 a barrel.
On Wednesday, Brent and WTI both lost about 1%, with Brent closing at its lowest since June 5 and for WTI since May 30.
Crude inventories rose by 1.8 million barrels to 416.5 million barrels in the week ended on September 26.
Oil prices Brent Crude barrel gained
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