Oil up amid wrangling over Russian oil price cap

Oil up amid wrangling over Russian oil price cap
Fri, 2022-11-25 10:11

MELBOURNE: Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.
Brent crude futures rose by 28 cents, or 0.33 percent, to trade at $85.62 a barrel at 0410 GMT, according to Reuters.

US West Texas Intermediate crude futures climbed 49 cents, or 0.49 percent, from Wednesday’s close to $78.43 a barrel. There was no WTI settlement on Thursday due to the US Thanksgiving holiday.

Oil up amid wrangling over Russian oil price cap
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