Oil Rises After OPEC+ Cuts Overcome Demand Concerns

  • International
  • 6 March 2024
1

Oil prices rose slightly on Wednesday after signs of tight supplies amid production cuts by major producers overcame concerns about demand growth in China and the United States, the world's largest crude consumers.

Brent crude futures rose 17 cents to $82.21 a barrel after falling in the previous four sessions. U.S. West Texas Intermediate crude futures rose 19 cents to $78.34 a barrel after falling in the previous two days.

Source (Al-Arabiya.net Website, Edited)

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