Today.Az - Oil prices climb on easing China COVID-19 curbs, concerns over U.S. storm impact today.az - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.az Daily Mail and Mail on Sunday newspapers.
Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set to have a key meeting this week. Brent crude futures advanced $1.81, or 2.2 per cent, and traded at $85.00 a barrel at 0446 GMT. US West Texas Intermediate (WTI) crude futures rose $1.37, or 1.8
Brent crude LCOc1 futures fell 45 cents, or 0.5%, to trade at $82.74 a barrel at 0113 GMT. US West Texas Intermediate (WTI) crude CLc1 futures dropped 51 cents, or 0.7%, to $76.73 a barrel.
Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs.