Oil Updates — Crude climbs; Kuwait's oil output over 2.8m bpd

Follow-ups -eshrag News:

Mon, 2022-09-19 08:57

RIYADH: Oil prices climbed on Monday as a weaker dollar and supply concerns ahead of the EU embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand.

Brent crude futures rose 60 cents, or 0.7 percent, to $91.95 a barrel by 0330 GMT after settling up 0.5 percent on Friday. US West Texas Intermediate crude was at $85.50 a barrel, up 39 cents, or 0.5 percent. 

Kuwait produces more than 2.8 million bpd barrels per day of oil

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