International Brent crude oil futures on Thursday were trading at $46.70 per barrel, up 34 cents, or 0.7%, from their last close. A file photo: BloombergSingapore: Oil prices reversed some early losses to push higher on Thursday as markets recovered from their initial shock at US president-elect Donald Trump’s surprise victory, although traders said that crude fundamentals remained weak. International Brent crude oil futures were trading at $46.70 per barrel, up 34 cents, or 0.7%, from their last close. In physical oil markets, the Niger Delta Avengers (NDA) militant group said it had attacked the Forcados crude export line operated by oil major Royal Dutch Shell. Shell said that it had also shut down an Escravos crude oil flow station in Nigeria’s Niger Delta after villagers staged a protest demanding aid.

Source: Mint November 10, 2016 08:23 UTC