Categories: Business

Oil up $2 per barrel from multi-month low


Tue, 2022-09-27 21:29

NEW YORK: Oil rose by $2 a barrel on Tuesday from a nine-month low a day earlier, supported by supply curbs in the US Gulf of Mexico ahead of Hurricane Ian and a slight softening in the US dollar.
Prices also drew support from analyst expectations of possible supply cuts from the Organization of the Petroleum Exporting Countries and allies, which meets to set policy on Oct. 5.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Mum wants people to know ‘there is hope after pregnancy loss’

Hayley said the couple had always wanted to start a family and, in 2019, the…

4 hours ago

Iranian Missile and Drone Attacks Expose U.S. Gulf Base Vulnerabilities, Forcing Washington to Rethink Its Middle East Military Strategy

Iranian missile and drone attacks have exposed deep vulnerabilities in the United States military’s long-established…

4 hours ago

Doctors wrongly said I was too young to have endometriosis at 13

Paediatric gynaecologist Dr Gail Busby says nearly 80% of adolescents will have painful periods, but…

10 hours ago

US Navy Reveals AIM-424 Malice as Next-Generation Long-Range Missile to Counter China’s Expanding Maritime Strike Reach

The United States Navy has publicly revealed the AIM-424 Malice, a next-generation long-range air-to-air missile…

17 hours ago

Canada-US Trade Rift Deepens as Carney Rejects ‘Bad Deal’ and Announces Retaliatory Tariffs

Canadian Prime Minister Mark Carney has announced retaliatory tariffs against the United States after trade…

1 day ago

Syria says Israeli strike near Damascus violation of international law

Syria has condemned an Israeli attack on the village of Beit Jinn, southwest of the…

1 day ago