Oil holds onto gains as investors bet on tighter supply
Summary
Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing data.
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Oil Updates – crude rises as investors bet on tighter supply, China’s
SINGAPORE: Oil prices rose on Monday, adding to recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and as upbeat Chinese manufacturing data supported outlooks for improving demand, according to Reuters.
Brent crude rose 24 cents, or 0.3 percent, to $87.24 a barrel by 9:49 a.m. Saudi time after rising 2.4 percent last week. US West Texas Intermediate crude was at $83.45 a barrel, up 28 cents, or 0.3 p…
Oil holds onto gains as investors bet on tighter supply
SINGAPORE — Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing data. Brent crude fell 17 cents, or 0.2 percent, to $86.83 a barrel by 0017 GMT after rising 2.4 percent last week.
Oil holds onto gains as investors bet on tighter supply
By Florence Tan SINGAPORE (Reuters) – Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing data. Brent crude fell 17 cents, or 0.2%, to $86.83 a barrel by 0017 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.06 a barrel, down 11 cents, or 0.1%, following a 3.2% gain l…
Oil Holds Onto Gains as Investors Bet on Tighter Supply
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