Oil prices rose, buoyed by expectations of a widening supply deficit in the fourth quarter after OPEC+ extended production cuts, as well as optimism about a recovery in demand in China, the world's largest crude importer.
Brent crude futures rose 5 cents, or 0.1 percent, to $93.98 a barrel. West Texas Intermediate crude futures rose 15 cents, or 0.2 percent, to $90.92 a barrel.
Crude rose for a third straight week to their highest since November after Saudi Arabia and Russia extended production cuts until the end of the year as part of OPEC+ plans and as Chinese refinery output increased, supported by strong export margins.
Source (Al-Arabiya.net Website, Edited)
