Oil prices rally as traders eye China's reopening boom
Oil prices jumped by the most in three months as Saudi Arabia lifted prices for shipments to Asia in anticipation of a rebound in Chinese demand.
Stay updated with breaking news from Daniel Hynes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil prices jumped by the most in three months as Saudi Arabia lifted prices for shipments to Asia in anticipation of a rebound in Chinese demand.
Oil prices rose for a second day on Tuesday on supply concerns after an earthquake shuttered a major export terminal in Turkey and a field in the North Sea shut unexpectedly, while demand in China,
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
ANKARA - Oil prices fell steadily on Friday due to demand concerns, with the United States Federal Reserve (Fed) signaling further rate hikes after raising its benchmark interest rate by 25 basis points while investors await the release of China's industry data. International benchmark Brent crude traded at $82.12 per barrel at 09:37 a.m. local time (0637 GMT), down 0.06 percent from the closing price of $82.17 a barrel in the previous trading session. American benchmark West Texas Intermediate (WTI) traded at $75.75 per barrel at the same time, a 0.17 percent loss after the previous sessi...
Australian shares creep up as consumer staples, health care gain. US tech stocks retreated. Flight Centre in $211m UK buy. Vicinity names next CEO. Bubs challenged by China lockdowns. Follow updates here.