Oil Prices going up 9/11/2023

Oil prices gradually increased on Thursday. According to a Reuters report, markets ignored deflationary signs in China and searched for further information about the state of demand from the two largest oil consumers in the world.

Brent crude went up by 0.8 percent to $80.21 a barrel.

West Texas Intermediate (WTI) crude futures climbed by 0.7 percent, at $75.89 a barrel.

The increase followed a Wednesday afternoon drop of more than two percent to the lowest level since mid-July in both benchmarks as concerns about potential Middle East supply disruptions receded and worries about demand from China and the United States increased.