Oil steady as demand worries revive, crews return to US Gulf rigs

Topics oil | Crude Oil Price | Oil demand


By Sonali Paul MELBOURNE (Reuters) - Oil prices were mixed in early trade on Thursday, just clinging to overnight gains, as concerns about weak fuel demand were in the frame again after Hurricane Sally blasted through the Gulf of Mexico into the southeastern United States. U.S. West Texas Intermediate (WTI) crude futures were flat at $40.16 a barrel at 0118 GMT, after jumping 4.

9% on Wednesday. Brent crude futures gained 5 cents, or 0.1%, to $42.27 a barrel, after climbing 4.2% on Wednesday. Prices were mostly in negative.....

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