Oil Rises after Recovering From Selling Wave

  • International
  • 9 September 2024
1

Oil futures jumped one dollar in early trade on Monday, as a potential hurricane approached the U.S. Gulf Coast and markets recovered from a sell-off following weaker-than-expected U.S. jobs data on Friday.

U.S. West Texas Intermediate (WTI) crude futures rose $1, or 1.48 percent, to $68.67 a barrel, while Brent crude futures rose 99 cents, or 1.39 percent, to $72.05 a barrel.

Source (Al-Arabiya.net Website, Edited)

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