RIYADH: Oil prices fell Friday after US consumer prices rose more than expected and China imposed new COVID-19 lockdown measures. Brent crude fell $1.06 to settle at $122.01 a barrel. US West Texas Intermediate crude fell 84 cents to settle at $120.67 a barrel. Both benchmarks still posted weekly gains, 1.9 percent for Brent and 1.5 percent for WTI.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities