Oil drilling rigs
Oil prices ended higher on Monday amid concerns about weak supplies and higher demand at a time the geopolitical tensions in the Middle East accelerate.
Brent crude futures leapt 1.95%, or $1.63, to $84.25 a barrel.
Similarly, futures prices for US West Texas Intermediate (WTI) crude jumped 2.4%, or $1.88, to $80.33 per barrel.
The gains were partially driven by a decline in the dollar index, which measures the US currency against a basket of major peers, fell by 0.20% to 105.36 points, at 10:28 pm Makkah time.
China's oil refinery output slipped 1.8% from year-ago levels in May, statistics bureau data showed on Monday.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}