14 June 2022

Oil Prices Rise

International and Arabic
  • QNA Images

Singapore, June 14 (QNA) - Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China.
Brent crude futures rose $ 1.05 , or 0.9 percent, to $123.32 a barrel, while US West Texas Intermediate (WTI) crude rose 96 cents, or 0.8 percent to $121.89 a barrel.
The market will be awaiting weekly US inventory data from the American Petroleum Institute on Tuesday and the US Energy Information Administration on Wednesday for a view of how tight crude and fuel supply remain. (QNA)


Economy, International, Oil prices, fuel, recession, COVID-19
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