2018-10-31
Oil prices jumped for the first time in three days, but increased supplies and concerns over demand expectations in the US-China trade war kept the market on hold.
 
London Brent crude futures rose 49 cents, or 0.7 percent, to $ 76.40 a barrel by 0619 GMT on Wednesday. The contracts fell 1.8 percent on Tuesday and touched their lowest level since August 24 at $ 75.09 a barrel.
 
US West Texas Intermediate crude futures rose 28 cents, or 0.4 percent, to $ 66.46 a barrel. Contracts fell 1.3 percent on the day before hitting a 17 August low of $ 65.33 a barrel.
 
The benchmark crude fell about $ 10 a barrel from its four-year high in the first week of October, the worst monthly performance since July 2016.