oil futures ticked higher thursday bouncing after the us and global benchmarks closed at their lowest since january on rising fears of a global economic slowdown   west texas intermediate crude for october delivery cl1 cl00 clv22 rose 27 cents or 03 to 8221 a barrel on the new york mercantile exchange after ending wednesday at its lowest since jan 11   november brent crude brn00 brnx22 the global benchmark was up 28 cents or 03 at 8828 a barrel on ice futures europe   back on nymex october gasoline rbv22 rose 05 to 232 a gallon while october heating oil hov22 fell 07 to 356 a gallon   october natural gas ngv22 was up 08 at 7905 per million british thermal uits oil was finding support as a sharp rally by the us dollar paused after the ice us dollar index dxy hit another 20year high on wednesday a stronger dollar can be a headwind to commodities priced in the unit making them more expensive to users of other currencies worries over the energy demand outlook have also helped drag down crude prices “the strength that we have seen in the usd is not helping oil or the broader commodities complex whilst there are clear demand concerns particularly when it comes to the continued covidrelated lockdowns that we are seeing across parts of china chengdu has seen another extension to its lockdown” said warren patterson head of commodities strategy at ing in a note the chinese city of chengdu on thursday extended a lockdown for a majority of its 21 million residents news reports said us supply data will also be in focus the american petroleum institute late wednesday said us crude inventories rose by 36 million barrels last week according to sources and news reports while gasoline inventories declined 800000 barrels and distillate stocks rose 18 million barrels crude at the nymex delivery hub in cushing oklahoma fell 800000 barrels the energy information administration will release official data thursday on average analysts expect the eia to report a decline of 18 million barrels in us crude supplies for the week ended sept 2 according to a survey conducted by sp global commodity insights the survey also showed expectations for weekly inventory declines of 15 million barrels for gasoline and 11 million barrels for distillates the data come out a day later than usual because of monday’s us labor day holiday hear from top wall street energy analysts at the best new ideas in money festival on sept 21 and sept 22 in new york rbc’s helima croft will be there