Post Tagged with: "tightening supplies"

Source: Reuters

Oil prices hit fresh 3-month highs on tightening supplies

Reuters


NEW YORK :Oil prices rose to fresh three-month highs on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world’s second-biggest economy lifted sentiment.

Brent futures gained 31 cents at US$83.05 a barrel …

Source: Reuters

Oil prices fall as economic worries offset tightening supplies

Reuters


LONDON  -Oil prices slipped on Monday as concerns about slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.

Brent crude for September fell 89 cents, or 1.2%, …