Oil rises ahead of IEA report

14/12/2023 Argaam
Oil drilling rigs

Oil drilling rigs


Oil prices continued its rise on Thursday as the dollar was under pressure after the Federal Reserve's latest decision and ahead of the monthly report of the International Energy Agency (IEA).

 

Brent crude for February delivery rose 0.53%, or 39 cents, to $74.65 a barrel at 09:01 am KSA Time.

 

US West Texas Intermediate (WTI) crude for January delivery gained 0.42%, or 29 cents, to $69.76 a barrel, after rising 1.3% from its lowest level in late June.

 

US crude oil stocks declined by 4.3 million barrels in the week ended Dec. 8.

Comments {{getCommentCount()}}

Be the first to comment

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.