Singapore: Oil prices nudged lower for a second straight session on Monday, weighed down by a firmer dollar as expectations of interest rate cuts were pushed out further following strong US jobs data on Friday. Brent crude futures and US West Texas Intermediate crude futures slipped 4 cents to $79.58 and $75.49 a barrel, respectively. The markets are focused on the US Federal Reserve and Bank of Japan meetings this week. Brent and WTI posted their third straight weekly loss last week on concerns that a plan to unwind production cuts by the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, from October will add to rising global supply. Source: Qatar News Agency
Related Articles
Kuwait Oil Price Records USD 76.28 PB
Price of Kuwaiti oil increased 51 cents to settle at USD 76.28 per barrel on Tuesday compared with USD 75.77 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Monday.
Globally, the price of Brent crude rose by 18 cents to USD 76.48 pb,…
Oman Central Bank Issues Treasury Bills Worth OR 45 Million
The Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 45 million.
The OCB said, in a statement Monday, that the value of the bills allocated for a maturity period of 28 days…
India’s oil imports from Iraq decreased by about 200,000 barrels per day compared to last year
India’s oil imports from Iraq decreased during the first seven months of this year by about 200,000 barrels per day, compared to the same period last year.International data showed: “The average of Indian oil imports during the first seven months of th…