Oil prices dip on China concerns
Production cuts can’t offset worries about seasonal demand and the economy in the world’s top oil importer
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Production cuts can’t offset worries about seasonal demand and the economy in the world’s top oil importer
NEW DELHI: Oil prices reversed course on Wednesday after rising over 1% in the previous session, as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia and a firm dollar capped the upside.
West Texas Intermediate reached more than $87 a barrel, the highest price for crude oil since last November, following the news that Saudi Arabia and Russia announced a fresh extension to their voluntary production cut until the end of the year.
LONDON: Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes...
NEW YORK: Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation...