Oil rises on market caution over supply concerns

Colombia Noticias Noticias

Oil rises on market caution over supply concerns
Colombia Últimas Noticias,Colombia Titulares

MELBOURNE : Oil prices rose 1 per cent in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products versus concerns about a recession hitting demand down the track.Brent crude futures rose $1.32, or 1.2 per cent, to $115.45 a barrel at

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

MELBOURNE : Oil prices rose 1 per cent in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products versus concerns about a recession hitting demand down the track.

U.S. West Texas Intermediate crude futures rose to $111.51 a barrel, up $1.95, or 1.8 per cent, from Friday's close. There was no settlement on Monday, which was a U.S. public holiday. WTI dropped 9.2 per cent last week. "The market remains cautious about disruptions to Russian oil as European sanctions kick in," ANZ Research analysts said in a note.

"It's a tension that we're going to see unfolding for the rest of this year," said Justin Smirk, senior economist at Westpac.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

ChannelNewsAsia /  🏆 6. in CO
 

Colombia Últimas Noticias, Colombia Titulares



Render Time: 2025-01-17 04:55:03