US West Texas Intermediate and international benchmark Brent crude oil futures rose on Thursday, underpinned by concerns over tightening supply offsetting the destructive impact of uncertain demand and news that the United States is buying more crude from the Strategic Petroleum Reserve be released ( SPR).
At 08:47 GMT, December WTI Crude Oil Futures trading at $85.42, up $0.90 or +1.06% and December Brent crude oil stands at $93.11, up $0.70 or +0.76%. On Wednesday the United States…
