TOKYO: OilNSE 2.28 % prices crept up on Wednesday, extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand.
Brent was up by 17 cents, or 0.3 per cent, at $68.14 by 0311 GMT, reversing earlier losses of a similar magnitude. On Tuesday, the global benchmark rose 76 cents to $67.97 a barrel, not far below its year-to-date high of $68.69, reached on March 21.
US crude futures added 9 cents, or 0.2 per cent, to $60.03, also reversing losses in earlier trade. The US benchmark rose $1.12, or 1.9 per cent, to $59.94 a barrel in the previous session.
