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Oil price hike

2022-10-04T13:26:58.207Z

London, SANA- Oil prices rose today amid expectations that the OPEC group may agree to a significant reduction in crude production,



London-Sana

Oil prices rose today amid expectations that the OPEC group may agree to a significant reduction in crude production, when it meets this week.

Reuters reported that Brent crude futures rose 79 cents, or 0.9 percent, to $ 89.65 a barrel, after gaining more than four percent in the previous session.

US crude futures also rose 60 cents, or 0.7 percent, to $84.23 a barrel.

Oil prices have fallen for four consecutive months since June, while higher interest rates and a stronger US dollar affected global financial markets.

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Source: sena

All business articles on 2022-10-04

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