Saudi Arabia May Raise Its Oil Prices For A Fifth Consecutive Month
Strong demand may drive Saudi Arabia to boost the official selling of Arab Light for Asian buyers for the fifth month in a row.
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Strong demand may drive Saudi Arabia to boost the official selling of Arab Light for Asian buyers for the fifth month in a row.
Brent futures crept up two cents to $90.73 a barrel by 1006 GMT, while U.S. West Texas Intermediate crude edged 12 cents higher to $88.94
Brent crude oil futures were up 55 cents to $91.26 a barrel by 1:01 p.m. EDT (1701 GMT), after falling to a session low of $89.50, the lowest price since September 8
Oil prices slid to about $90 a barrel as rising US yields and a stronger dollar dominated market sentiment
Oil futures settled higher on Tuesday, recovering from recent losses and a weak start..