Oil prices edge up after sliding on potential Israel-Hezbollah ceasefire

Oil prices edge up after sliding on potential Israel-Hezbollah ceasefire

The Star Online - Business·2024-10-09 19:07

OIL prices edged up on Wednesday as developments in the Middle East took centre stage against cautious demand expectations and ahead of a government meeting on China's fiscal policy.

Brent crude futures rose 45 cents, or 0.6%, to $77.63 a barrel by 0703 GMT. U.S. West Texas Intermediate futures rose 33 cents to $73.90 a barrel.

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