Oil Updates – crude rises, markets await OPEC+ decision amid mixed demand drivers
- Date: 01-Mar-2024
- Source: Arab News
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil Updates – crude rises, markets await OPEC+ decision amid mixed demand drivers
SINGAPORE: Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited an OPEC+ decision on supply agreements for the second quarter amid differing demand indicators for key consumers US and China, according to Reuters.
Brent futures for May climbed 31 cents, or 0.38 percent, to $82.22 a barrel by 9:45 a.m. Saudi time, while US West Texas Intermediate for April rose 24 cents, or 0.31 percent, to $78.50. Oil Updates – crude rises, markets await OPEC+ decision amid mixed demand drivers