Thursday 31 Oct 2024 - 12:00

08:18 pm

Visitors:
Online:

Oil up $2/bbl on supply risks amid ongoing Keystone outage

NNA - Oil prices settled up about $2 a barrel on Monday on supply jitters, as a key pipeline supplying the United States closed and Russia threatened a production cut even as China's loosening COVID-19 restrictions bolstered the fuel demand outlook.

Brent crude futures settled at $77.99 a barrel, gaining $1.89 or 2.5%. U.S. West Texas Intermediate crude settled at $73.17 a barrel, rising $2.15, or 3%.

Last week, Brent and WTI fell to their lowest since December 2021 as investors worried a possible global recession could hurt oil demand.--Reuters 

 

 

==================R.H.

تابعوا أخبار الوكالة الوطنية للاعلام عبر أثير إذاعة لبنان على الموجات 98.5 و98.1 و96.2 FM

  • NNA Services
  • Email Service
  • Mobile App
  • Responsive Website