Oil prices rise as global supply tightens with lower exports

Singapore, Aug. 21 (BNA): Oil prices rose on Monday as global supply is tightening with lower exports, offsetting nagging concerns about global demand growth amid high interest rates.

 

Brent crude climbed 61 cents to $85.41 a barrel by 0649 GMT, while U.S. West Texas Intermediate crude was at $81.88 a barrel, up 63 cents. The September WTI contract expires on Tuesday and the more active October contract gained 56 cents to $81.22 a barrel, Reuters reported. 

 

 


M.I.

 






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