Oil prices rise amid demand developments

19/10/2021 Argaam

Oil drlling rigs

Oil prices rose on Tuesday as investors studied latest developments related to global demand, after Chinese data showed a slowdown in economic growth in Q3 2021.

 

Additionally, US factory output dropped to the lowest level in seven months in September, according to latest reports.

 

Meanwhile, White House spokeswoman Jen Psaki said the US continues to press OPEC members on the oil supply issue.

 

In terms of trading, the international benchmark Brent crude rose 0.4% to $84.69 per barrel, at 9.00 am Makkah time.

 

WTI crude gained 0.6% to $82.89 per barrel.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read