19 September 2022

Oil Prices Rise on Weak Dollar

International and Arabic
  • Oil

Singapore, September 19 (QNA) - Oil prices climbed during early Asian trade on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand.
Brent crude futures rose $1.15, or 1.3 percent, to $92.50 a barrel after settling up 0.5 percent on Friday.
US West Texas Intermediate crude was at $86.16 a barrel, up $1.05, or 1.2 percent.
Both contracts, which slid more than 1 percent last week on concerns that another interest rate hike by the Federal Reserves could slow global growth. (QNA)


Economy, International
Cookies help us improve your website experience.
By using our website, you agree to our use of cookies.