Oil Prices Hold on to Gains in Early Trading

Tokyo, June 02 (QNA) – Oil prices held on to most of the strong gains recorded in the previous session during early trading today.

Brent crude futures rose by 6 cents, or 0.06%, to $95.04 a barrel.

US West Texas Intermediate (WTI) crude futures fell by 17 cents, or 0.18%, to $91.99.

Both benchmarks jumped by more than 5% in the previous session.

Brent crude ended last May down about 19%, while West Texas Intermediate fell around 17%, marking their largest monthly decline on record since March 2020. (QNA)