Oil prices pick up on prospect of US replenishing strategic reserve
Brent crude oil price news: Oil prices rose on Thursday on the prospect the US may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about US interest rate cuts and swelling oil inventories.
Brent crude oil price news: Oil prices rose on Thursday on the prospect the US may start buying crude for its petroleum reserve. Image: Reuters