Tue, 2022-11-01 10:54
RIYADH: Oil prices rose on Tuesday, paring losses from the previous session, as a weaker US dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer.
Brent crude for January delivery rose 73 cents, or 0.8 percent, to $93.54 a barrel at 0406 GMT. The December contract expired on Monday at $94.83 a barrel, down 1 percent.
US West Texas Intermediate crude rose 58 cents, or 0.7 percent, to $87.11 a barrel, after falling 1.6 percent in the previous session.
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