Oil edges higher amid tightening global supply, gains capped by economic slowdown
Updated : April 10, 2019 09:58 AM IST
International benchmark Brent futures were at $70.66 per barrel at 0158 GMT, up 5 cents from their last close.
US crude stocks rose by 4.1 million barrels in the week to April 5, to 455.8 million barrels.
The International Monetary Fund (IMF) warned on Tuesday that the global economy was slowing more than expected and that a sharp downturn may be looming.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more