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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq A-Awsat

Oil Edges Up as Market Weighs Economy, Awaits Inventory Data

Pump jacks operate at sunset in Midland, Texas, US, February 11, 2019. REUTERS/Nick Oxford

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand.

Investors in energy markets are weighing the prospects for China's reviving demand against tepid consumption in the United States and other advanced economies, analysts from Haitong Futures said.

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