Oil prices hit lows not seen in weeks on demand worries
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after US data showed gasoline demand fell and recovery from the Covid-19 pandemic was lagging.
US West Texas Intermediate (WTI) crude futures were up 9 cents, or 0.22%, at $41.60 a barrel by 0349 GMT. Brent crude edged up 2 cents, or 0.05%, to $44.45 a barrel.
Both benchmarks fell more than 2% on Wednesday, with WTI sliding to its lowest close in nearly four weeks and Brent at its weakest since August 21.
US gasoline demand last week fell to 8.78 million barrels per day (bpd) from 9.16 million bpd a week earlier.
