Oil prices rise to 9-month high on worries about tight supply

Source: Reuters
Date: 9 September 2023

Oil prices gained almost 1% to a nine-month high on Friday on rising U.S. diesel futures and worries about tight oil supplies after Saudi Arabia and Russia extended supply cuts this week.

Brent futures rose 73 cents, or 0.8%, to settle at $90.65 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 64 cents, or 0.7%, to settle at $87.51.

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09 Sep 2023