Oil was trying to hold its line in early trade on Thursday after an overnight selloff, as traders come to grips with weak need along with a possible delay to more supply going into the market next month. Brent unrefined futures for November increased 9 cents, or 0.12%, to $72.79 after dropping 1.42% in the previous session. US West Texas Intermediate unrefined futures for October were up 12 cents, or 0.17%, to $69.32 after dropping 1.62% on Wednesday. Meanwhile, US crude oil and fuel stocks fell last week, according to market sources mentioning American Petroleum Institute (API) figures on Wednesday. The API figures showed unrefined stocks fell by 7.431 million barrels in the week ended Aug. 30, the sources said. The market awaits weekly US oil stocks data from the Energy Information Administration (EIA), due to be released on Thursday. Source: Qatar News Agency
Home » Oil Stable as Traders Weigh Weak Demand
Recent post's
Eight Militants Killed in Security Operation in Khyber Pakhtunkhwa
September 24, 2026
GCC Condemns Houthi Missile Launches Toward Saudi Cities of Taif, Yanbu
September 24, 2026
GCC and ASEAN Strengthen Ties at Joint Ministerial Meeting
September 24, 2026
Qatar Engages in Key UN Mediation Meeting
September 24, 2026
Qatar Partners with Memorial Sloan Kettering to Boost Cancer Care
September 24, 2026
GCC and Portugal Forge Agreement to Enhance Bilateral Relations
September 24, 2026
Qatar Engages in Arab Interior Ministers Council Coordination Meeting
September 24, 2026
Sultan bin Saad Al Muraikhi Meets with European Commissioner Magnus Brunner
September 24, 2026