Oil prices rise, tight supply back in focus

Singapore, Sept. 25 (BNA): Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.

 

Brent crude futures climbed 69 cents, or 0.7%, to $93.96 a barrel by 0646 GMT after settling 3 cents lower on Friday, Reuters reported.

 

U.S. West Texas Intermediate crude futures extended gains for a second session, trading at $90.57 a barrel, up 54 cents, or 0.6%.

 


 

M.I.

 






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