Oil prices rebounded on Thursday as Hurricane Milton approached Florida, raising concerns over potential supply disruptions. Brent crude increased by 0.2%, reaching $US76.76, while West Texas Intermediate (WTI) also rose by 0.2%, closing at $US73.14. The recent rise follows a sharp decline earlier in the week due to growing U.S. crude inventories, lackluster economic stimulus from China, and ongoing tensions in the Middle East. At the time of writing, markets are closely monitoring Hurricane Milton’s impact on oil supply chains and its potential effects on global energy markets.
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