Oil prices edge higher

World oil prices edged slightly higher yesterday extending a modest recovery following a price plunge that has wiped $10 off …

World oil prices edged slightly higher yesterday extending a modest recovery following a price plunge that has wiped $10 off a barrel of crude over the past three weeks. Dealers said the market was finding some support from a disruption to Iraqi oil exports and signs that the OPEC producers' cartel may be readying to restrain output if prices should head any further south. London Brent settled five US cents up at $23.66 a barrel

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective