India, April 24 -- Following the steep drop seen during Wednesday's session, the price of crude oil showed a modest move back to the upside during trading on Thursday.
Crude for June delivery rose $0.16 or 0.3 percent to $62.43 a barrel after plunging $1.40 or 2.2 percent to $62.27 a barrel in the previous session.
Some traders look to pick up crude oil at reduced levels following yesterday's tumble, which came as a report from Reuters citing three sources familiar with OPEC+ talk said several members will suggest the group accelerates oil output hikes in June for a second consecutive month.
Buying interest was somewhat subdued, however, as traders kept an eye on the latest developments on the trade front.
Comments from a Chinese Minist...