Categories: Business

Oil Updates — Crude prices slip; China’s October oil imports rebound; Kuwait state oil firms get new CEOs


Mon, 2022-11-07 08:45

RIYADH: Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world’s top crude importer. 

Brent crude futures dropped $1.04, or 1.06 percent, to $97.53 a barrel by 08.10 a.m. Saudi time, after hitting as low as $96.50 earlier.  

US West Texas Intermediate crude was at $91.39 a barrel, down $1.22, or 1.32 percent, dropping to a session low of $90.40 a barrel earlier in the session. 

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

This Olympian curbed his unhealthy porn habit – here are the signs and steps to recovery

If you are worried about your porn use, Ince recommends seeking out support from a…

4 hours ago

Why have obesity rates doubled since 1993?

Obesity can be a risk factor for several chronic conditions including type 2 diabetes, heart…

11 hours ago

Saudi Arabia, Turkey and Pakistan sign defence agreement

Furthermore, the Saudis will be keenly aware of last year's Israeli strikes on Doha, targeting…

13 hours ago

Ebola in DR Congo: Childhood deaths rise; hopes raised over new vaccine

Children and women continue to bear a disproportionate share of the outbreak in Ituri, the…

17 hours ago

Moment earthquake shakes hospital operating room in Japan

Newly-released security camera footage shows the moment last month's magnitude 6.8 quake shook Kumamoto General…

23 hours ago

Israel charges settler over killing of Palestinian involved in Oscar-winning West Bank film

Israeli prosecutors have charged a settler over the killing of a Palestinian activist in the…

1 day ago