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Oil prices inches up, but concerns over demand
July 23, 2020
Source: Reuters

Oil prices inches up, but concerns over demand

Oil prices edged higher on Thursday, although gains were capped by a surprise build in U.S. crude oil inventories, while a persistent surge in new coronavirus cases continued to dampen the recovery in fuel demand. Brent crude rose 0.2%, to $44.36 a barrel. U.S. WTI crude also gained 0.2%, to $41.98 a barrel. Prices have been marking time since hitting a four-month high earlier in the week on hopeful news about a coronavirus vaccine.

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