Economy
Oil Updates — Crude steady; Russia to raise tax on fuel; Iranian fuel ships to sail to Lebanon
Follow-ups -eshrag News:
Tue, 2022-09-20 09:09
RIYADH: Oil prices steadied on Tuesday after rising in the previous session on concerns that further US interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world’s biggest oil consumer.
Brent crude futures for November settlement rose 3 cents to $92.03 a barrel by 0449 GMT.
US West Texas Intermediate crude for October delivery was at $85.76 a barrel, up 3 cents. The October contract will expire on Tuesday and the more active November contract was at $85.29, down 7 cents, or 0.1 percent.
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