Oil prices were mixed on Thursday as investors balanced caution over tightening supply against concerns that a global slowdown could curb demand.
Brent crude futures for December settlement fell 14 cents, or 0.15 per cent, to $92.27 a barrel at 0305 GMT. US West Texas Intermediate crude for November delivery (WTI), which expires on Thursday, rose 53 cents, or 0.6 per cent, to $86.08 per barrel. The WTI contract for December delivery was last up 0.3 per cent at $84.78 a barrel.
“Oil prices are being whipsawed by a number of drivers in Q4 2022,” said Commonwealth Bank commodities analyst Vivek Dhar in a note.
