Oil prices up anew as investor remain skeptical of supply situation

  • last year
Oil prices up anew as investor remain skeptical of supply situation
Transcript
00:00 Oil prices went up anew as investors remain skeptical of the supply outlook,
00:04 with Russia opting to impose a temporary ban on fuel exports and further rate hikes
00:10 that could affect the same demand. Brent crude rose 71 cents to settle at 93 dollars and 98
00:16 cents per barrel, while US West Texas Intermediate also went up at 90 dollars and 63 cents.
00:22 Both benchmarks actually went down slightly last week
00:25 due to the effects of developments on the Federal Reserve interest rates.
00:29 (static)

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