Brent crude futures rose 54 cents, or 0.87%, to $62.45 per barrel on Thursday, October 16. U.S. West Texas Intermediate (WTI) crude futures rose 56 cents, or 0.96%, to $58.83. Details are provided by Reuters.
Contracts stabilized after reaching their lowest level since early May in the previous session due to trade tensions between the United States and China.
US President Donald Trump said on Wednesday, October 15, that Indian Prime Minister Narendra Modi promised to stop buying oil from Russia, which is the largest supplier to the Indian market.
Some Indian refineries are preparing to reduce imports of Russian oil, expecting a gradual decline, three sources familiar with the situation told Reuters. But the Indian authorities responded by saying that the main goals of New Delhi are to ensure stable energy prices and reliable supplies, without mentioning Trump's comments.
A tanker with diesel was taken away from under the nose of Ukraine: the fuel respite in the EU is ending
The business of the "Serf" star in Russia is threatened with liquidation
Change of governments, Netanyahu genocide, "The Rock" and "La Scala": morning coffee with EADaily
The prosecutor's office demands to toughen the sentence of the top blogger who received a suspended sentence
Zhabogadyuking: Syrsky politely publicly whipped Fedorov
Burnham — Zelensky: I promise you that we will stand by to the last Ukrainian