Oil prices rose on Thursday, lifted by concerns over Venezuela’s stability as well as by firm demand in Asia, although doubts over OPEC’s ability to organize a coordinated production cut still weighed on markets.
International Brent crude oil futures were trading at $50.16 per barrel at 0620 GMT (2:20 a.m. ET) on Thursday, up 18 cents, or 0.36 percent, from their last close.
WTI futures were at $49.33 per barrel, up 15 cents, or 0.31 percent, from their previous settlement.
