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Oil rises as supply fears outweigh recession worries

The Star Business LogoThe Star Business1w ago

Oil rises as supply fears outweigh recession worries - The Star Business

Quick Summary:

OIL rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession.

The soaring dollar also put a lid on oil price gains as it is making crude more expensive for many buyers.

West Texas Intermediate (WTI) crude rose 10 cents to $83.04.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: /Business/Business News Global recession WTI Oil Energy Brent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 15:06:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 3 minutes read

Article Length: 376 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 464446

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 33 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 9h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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