TELETRADER News
12/8/2023, 3:19 AM (Source: TeleTrader)
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Oil grows over 1% on supply jitters

The prices of oil futures recorded gains on Friday as supply uncertainty continued to rattle the markets.

Previously, Russia and Saudi Arabia, two of the world's largest oil exporters, called on other parties of the OPEC+ alliance to support the crude production cuts in order to aid the global economy.

West Texas Intermediate (WTI) for settlements in January increased by 1.21% at 3:08 am CET to sell for $70.20 per barrel. A minute later, Brent for deliveries in February rose by 1.27% to go for $75.05 per barrel.

Baha Breaking News (BBN) / AY