Tag: #Globaloil
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Oil prices rose to their highest
Oil prices rose to their highest in two sessions on Monday amid concerns about oil supply disruptions from Saudi Arabia and elevated tensions in Middle East. Brent crude futures LCOc1 increased to as much as $65.50 a barrel. The front-month contract was at $64.84, up 57 cents, or 0.9 per cent at 0224 GMT. US…
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IEA says oil demand subdued on economic uncertainty
Paris, Sept 12 (AFP/APP):Global oil demand growth is expected to remain subdued, with the economy weakening and buffeted by US-China trade tensions, the International Energy Agency (IEA) said Thursday. “International trade relations have further deteriorated in the past few weeks but US and Chinese officials announced that they would resume trade negotiations in early October,”…