Economy
Oil Updates — Crude slightly up; Iraq minister says OPEC monitoring oil prices; Qatar oil industry faces inflationary pressures
Follow-ups -eshrag News:
Tue, 2022-09-27 08:28
RIYADH: Oil prices rose on Tuesday, after plunging to nine-month lows a day earlier, on indications that the Organization of the Petroleum Exporting Countries, known as OPEC, may enact output cuts to avoid a further collapse in prices.
Brent crude futures for November settlement rose 65 cents, or 0.77 percent, to $84.71 per barrel by 0502 GMT.
US West Texas Intermediate crude futures for November delivery were up 64 cents at $77.35 per barrel.
OPEC monitoring oil prices, seeks market balance: Iraq oil minister
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