Categories: Business

Oil Updates — Crude ticks up; Colombia’s July oil output rose 2.3%; US senators urge sanctions on Russian oil


Wed, 2022-09-21 11:25

RIYADH: Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor fears it could lead to a recession and hurt fuel demand.

Brent crude futures rose 11 cents, or 0.1 percent, to $90.73 a barrel by 0415 GMT after falling $1.38 the previous day.

US West Texas Intermediate crude was at $83.99 a barrel, up 5 cents, or 0.1 percent. The October delivery contract expired down $1.28 on Tuesday while the more active November contract lost $1.42.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Bedfordshire and London mental health NHS trust to make £24m cuts

Apsana Begum, Labour MP for Poplar & Limehouse in east London, said she had written…

4 hours ago

Are current breast cancer checks good enough?

Up to 95% of younger women at higher risk of developing breast cancer are being…

6 hours ago

Breast cancer checks missing lots of at risk younger women, says study

Breast cancer is a leading cause of death in women under 50 in the UK.About…

10 hours ago

‘Digital lifeline’ – Gaza tech workers give glimpse of possible future

Amid the rubble of Gaza, the majority of the two million population is reliant on…

12 hours ago

The real reason child vaccination rates are falling

Twenty-week-old Grayson easily could have become one of the tens of thousands of British babies…

12 hours ago

Threat to oil tankers in Middle East worst since start of Iran war, analysts say

The threat to ships carrying oil in the Middle East is at its worst since…

19 hours ago