Middle east

Oil Updates — Crude climbs ahead of OPEC+ meeting; Germany to use windfall tax income to reduce energy prices

article author: 
Mon, 2022-09-05 09:38

RIYADH: Oil prices jumped over $1 a barrel on Monday, extending gains as investors eyed possible moves by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+ producers, to cut output and support prices at a meeting later in the day.

Brent crude futures rose $1.88, or 2 percent, to $94.90 a barrel by 0345 GMT after gaining 0.7 percent on Friday. 

US West Texas Intermediate crude was at $88.60 a barrel, up $1.73, or 2 percent, following a 0.3 percent advance in the previous session.

Main category: 

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock