Categories: Business

Oil Updates — Crude edges up as China opens borders


Mon, 2023-01-09 08:28

RIYADH: Oil prices edged up on Monday, a day after travelers streamed into China following a reopening of borders that lifted the fuel demand outlook and partly offset concerns of global recession. 

Brent crude futures had risen 90 cents, or 1.15 percent, to $79.47 a barrel by 07.55 a.m. Saudi time, while US West Texas Intermediate crude was at $74.67 a barrel, up 90 cents, or 1.12 percent. 

Both Brent and WTI tumbled more than 8 percent last week, their biggest weekly dives at the start of a year since 2016. 

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Leading doctor rebukes NHS chiefs over transplant crisis

While NHS Blood and Transplant manages organ donations and supports transplant centres, services are commissioned…

8 hours ago

Israeli settlers besieging Palestinian families in West Bank village

Israeli settlers have been besieging two Palestinian families in their homes in the occupied West…

17 hours ago

Cholera spreads across borders in West and Central Africa

Key factsCholera outbreaks are active in six countries across West and Central Africa, spread along…

21 hours ago

Five years after Taliban takeover, Afghan women ‘erased from public life’

Key pointsThe Talban have issued more than 100 decrees targeting women and girls, including one…

21 hours ago

Deadly attack on Red Sea ship adds to global supply chain uncertainty

Key pointsRed Sea is a vital global trade route Even greater uncertainty for shipping Seafarers must be…

21 hours ago

How to check your breasts, after Lucy Davis reveals terminal cancer diagnosis

The NHS says to check your breasts, external or chest about once a month.That helps…

23 hours ago