Oil prices rise on expectations of further OPEC+ supply cuts
Brent crude futures rose $1.78 to $82.39 a barrel by 1350 GMT, while U.S. West Texas Intermediate crude was up $1.71 at $77.60
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Brent crude futures rose $1.78 to $82.39 a barrel by 1350 GMT, while U.S. West Texas Intermediate crude was up $1.71 at $77.60
Brent futures were down 70 cents at $80.48 a barrel by 1250 GMT, while U.S. West Texas Intermediate crude shed 65 cents to $76.01
Prices rise as China’s factory output and retail sales beat expectations
Oil prices inched up on Tuesday on expectations of healthy market fundamentals, following an OPEC report saying demand remains strong, and concerns that supplies might be disrupted as the US cracks down on Russian oil exports.
On Monday, Opec blamed speculators for a recent drop in prices