Oil Prices Rise with Anticipation of Monthly Reports on Demand Expectations for Crude

  • International
  • 12 March 2024
1

Oil prices rose in early Asian trading but price movements were limited as the market awaited monthly reports from oil agencies.

Brent crude futures for May delivery rose 23 cents to $82.44 a barrel. The U.S. April crude contract rose 17 cents to close at $78.10 a barrel.

Crude oil is trading in a narrow range as traders await demand estimates from the monthly reports of three major oil agencies.

Source (Al-Arabiya.net Website, Edited)

Related News

Get an annual subscription in the quarterly Arab Economic bulletin

SUBSCRIBE NOW