Baku 25° C
Oil rises on Biden's statement regarding decline in US inventories
Energy
- 20 October, 2022
- 06:22
Add Report.az to preferred Google sources
Stay up to date with the top news!
Global oil prices continued their ascending movement on Thursday after US President Joe Biden reported a decline in the country's strategic oil stocks, Report informs, citing the results of the trading.
December futures for Brent rose by 0.84% to $93.19 per barrel and December futures for WTI grew by 1.35% to $85.67.
Investors are focusing on several factors promotes the growth in prices. China is considering the reduction in the number of quarantine days for arrivals. If the country mitigates quarantine measures, oil prices may surge on growing demand for fuel.
Author
Latest News
16:49
Mirziyoyev, Al Thani mull issues of bilateral co-op in Baku
Foreign policy
16:41
Dialogue - strategic necessity amid global uncertainty, Thai deputy FM says
Foreign policy
16:41
CICA Secretary General thanks Azerbaijan for gifting 'Karabakh horse' sculpture
Foreign policy
16:37
Pakistan committed to CICA's role in promoting Asian peace, security, ambassador says
Foreign policy
16:34
Pashinyan, Guterres discuss Armenia-Azerbaijan peace process and TRIPP
Region
16:32
Ambassador Sultan Hajiyev to become new CICA Secretary General
Foreign policy
16:30
Azerbaijan's CBA discusses expanding cooperation with BNY Mellon
Finance
16:28
Photo
President Ilham Aliyev meets with Amir of State of Qatar
Foreign policy
16:26
President Ilham Aliyev receives Türkiye's Minister of Foreign Affairs
Foreign policy