Tuesday, September 2, 2025
Oil rebounds after hitting 2022 lows, demand concerns cap gains- oil and gas 360

Oil rebounds after hitting 2022 lows, demand concerns cap gains

Nasdaq SINGAPORE – Oil prices rebounded in Asian trade on Thursday after slumping to their lowest level this year in the previous session, though concerns of economic slowdowns weakening fuel demand continued to cap gains.   Brent crude futures LCOc1 were up 70 cents or 0.9% at $77.87 per barrel by 0500 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 74