Economy
Oil Updates — Crude drops; Algeria makes new oil discovery
Follow-ups -eshrag News:
Thu, 2022-09-01 12:19
RIYADH: Oil prices dropped on Thursday, as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand, while renewed restrictions to curb COVID-19 in China also added pressure.
Brent crude futures were down 1.62 percent to $94.09 a barrel by 11.45 a.m Saudi time.
US West Texas Intermediate crude futures slid 1.61 percent to $88.11 a barrel.
Sonatrach makes new oil discovery
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