Categories: Business

Oil Updates — Crude falls; OPEC expects demand to reach pre-pandemic levels this year


Mon, 2023-02-13 08:48

RIYADH: Oil prices eased on Monday after rising 2 percent in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming US inflation data and refinery maintenance in Asia and the United States. 

Brent crude futures fell 92 cents, or 1.06 percent, to $85.47 a barrel at 08.20 a.m. Saudi time, after a 2.2 percent gain on Friday.  

US West Texas Intermediate crude was at $78.81 a barrel, down 91 cents, or 1.14 percent, after rising 2.1 percent in the previous session. 

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