Categories: Business

Oil Updates — Crude takes a breather; Aramco to keep full oil supplies to North Asia


Mon, 2022-10-10 08:19

RIYADH: Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following cuts by the Organization of Petroleum Exporting Countries and its allies, together known as OPEC+, and ahead of the EU embargo on Russian oil.

Brent crude futures fell 94 cents, or 0.96 percent, to $96.98 a barrel by 07.50 a.m Saudi time, while the US West Texas Intermediate crude was at $91.78 a barrel, down 86 cents, or 0.93 percent.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Farmwatch: Farmer on mental health issues

"Tom the Young Farmer" tells BBC Radio Shropshire how it's important to check in on…

12 hours ago

Attacks ‘getting worse’: Deadly Russian strikes hit Ukrainian cities

Reports from the ground point to widespread damage to homes and civilian buildings, with search…

14 hours ago

Returning Afghans face growing risk of trafficking as crises deepen

Agencies report that mass returns from Iran and Pakistan, combined with shrinking humanitarian assistance, the…

14 hours ago

Egypt says drone attack caused fire on gas ships at Mediterranean port

Egypt's cabinet has confirmed that a drone attack caused the fire that broke out on…

14 hours ago

UK warned about ‘explosive diarrhoea’ cyclospora infection

UK holidaymakers are being warned about a nasty infectious disease called cyclosporiasis that can cause…

14 hours ago

‘End this nightmare’: Wife of ailing Briton jailed in Saudi Arabia appeals for release

The UK Foreign Office says his case has been raised with the Saudi authorities.Its current…

19 hours ago