COMMODITY
Crude oil futures end slightly higher on Thursday
Apr-19-2024

Crude oil futures ended slightly higher on Thursday amid concerns about the outlook for global oil demand and on recent data showing a jump in crude oil inventories last week. A private report said that oil demand has been running 200,000 barrels per day below their forecast since April. Meanwhile, oil prices found some support thanks to renewed US sanctions on Venezuela's oil exports. The U.S. said it would not renew a license set to expire on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro's failure to meet his election commitments.

Benchmark crude oil futures for May delivery rose $0.04 or 0.04% to settle at $82.73 a barrel on the New York Mercantile Exchange. However, Brent crude for June delivery declined $0.18 or 0.20% to $87.11 per barrel on London's Intercontinental Exchange. 


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