Oil prices stabilize in Asian trade

09 October 2024

Singapore, October 9 (QNA) – Oil prices were stabilized in Asian trade today, as traders balanced the lack of clarity on developments in the conflict in the Middle East with the continuation of factors basically bearish.

Brent crude futures rose 11 cents, or 0.14 percent, to reach $77.29 a barrel, reflecting market volatility due to current conditions.

U.S. West Texas Intermediate futures rose three cents to $73.60.

Hurricane Milton, one of the strongest Atlantic hurricanes on record, is expected to hit the Florida coast on the Gulf of Mexico today, which could disrupt gasoline supplies to the third largest consumer state in the United States. United.

Keywords

Economy, global