Thu, 2022-11-17 09:46
RIYADH: Oil prices extended declines on Thursday as concerns over geopolitical tensions eased, while rising numbers of COVID-19 cases in China added to demand worries for the world’s largest crude importer.
Brent crude futures fell by $1.04, or 1.1 percent, to $91.82 a barrel by 0430 GMT. US West Texas Intermediate crude futures slid $1.17, or 1.4 percent, to $84.42 a barrel.
On Wednesday Brent dropped by 1.1 percent and WTI 1.5 percent after Russian oil shipments via the Druzhba pipeline to Hungary restarted.
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