Categories: Business

Oil Updates — Prices up on supply concerns; China crude imports fall


Tue, 2023-03-07 11:53

RIYADH: Oil prices edged up after industry executives flagged concerns about limited spare capacity in the market and uncertainty over Russian supplies. 

Brent crude futures recorded gains of 8 cents, or 0.09 percent, to $86.26 per barrel by 10.45 a.m. Saudi time, after settling 0.4 percent higher on Monday.

US West Texas Intermediate crude was at $80.54 per barrel, up 8 cents, or 0.10 percent, following a 1 percent gain in the previous session.

China crude imports fall

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