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Brent futures rebound on view market oversold
Crude oil futures up 67 cents at 77.78 usd/barrel (Il Sole 24 Ore Radiocor) - London, 23 Aug - Brent futures were higher, recovering after falling in recent sessions amid concerns about demand from China and the perception of easing geopolitical risks.
Analysts said the market increasingly looks oversold, amid growing expectations Opec+ is likely to abandon plans to start raising supply in October.
At 0915 GMT, crude oil futures were up 67 cents, or 0.87%, at 77.78 dollars a barrel.
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(RADIOCOR) 23-08-24 11:23:23 (0214) 5 NNNN