Categories: Business

Oil Updates — Crude edges down; Kuwait’s Mina Al-Ahmadi oil refinery malfunctioned


Tue, 2022-10-11 08:55

RIYADH: Oil prices slid on Tuesday, extending losses of nearly 2 percent in the previous session, as a stronger US dollar and a flare-up in COVID-19 cases in China raised concerns of slowing global demand.

Brent crude futures fell 27 cents, or 0.3 percent, to $95.92 a barrel by 0342 GMT, after falling $1.73 in the previous session.

US West Texas Intermediate crude was at $90.73 a barrel, down 40 cents, or 0.4 percent, after losing $1.51 in the previous session.

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