Finance

Oil Holds Gain as Signs of Tight Market Offsets Demand Concerns

Brent crude traded above $83 a barrel after closing 0.8% higher on Wednesday, while West Texas Intermediate was near $78. Timespreads are signaling a tightening market, although the industry-funded American Petroleum Institute reported a big rise in US crude stockpiles. Official data is due later Thursday. The absence of fresh drivers for oil has meant […]