Economy

Oil Updates — Crude gains; Saudi says no oil discussion at US-Arab summit; Libya says full output to resume soon

Follow-ups -eshrag News:

Sun, 2022-07-17 15:15

RIYADH: Oil gained 2.5 percent on Friday after a US official told Reuters that an immediate Saudi oil output boost was not expected as investors question whether OPEC has the room to significantly ramp up crude production.

Brent crude futures settled at $101.16 a barrel, rising $2.06, or 2.1 percent, while West Texas Intermediate crude settled at $97.59 a barrel, gaining $1.81, or 1.9 percent.

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button