Oil prices rose on Thursday, lifted by concerns over Venezuela’s stability as well as by firm demand in Asia, although doubts over OPEC’s ability to organize a coordinated production cut still weighed on markets.
International Brent crude oil futures were trading at $50.16 per barrel at 0620 GMT (2:20 a.m. ET) on Thursday, up 18 cents, or 0.36 percent, from their last close.
WTI futures were at $49.33 per barrel, up 15 cents, or 0.31 percent, from their previous settlement.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.