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Oil climbs after touching six-week lows as China eyes reserves (Al Jazeera)

Oil prices rose slightly on Thursday after dropping to six-week lows as investors wondered about how much crude major economies would release from their strategic reserves and how much that would ease global crude demand pressures.

Prices fell to six-week lows early in the session as China said it was moving to tap reserves. On Wednesday, Reuters news reported that the United States was asking large consuming nations to consider a stockpile release to lower prices.

Oil climbs after touching six-week lows as China eyes reserves | Oil and Gas News | Al Jazeera