Oil prices climbed on Monday, reversing some of Friday's losses, as investors focused on a tight global supply outlook and a last-minute deal that avoided a U.S. government shutdown restored their risk appetite. Brent December crude futures rose 18 cents, or 0.2%, to $92.38 a barrel by 0037 GMT after falling 90 cents on Friday. U.S. West Texas Intermediate crude futures gained 23 cents, or 0.3%, to $91.02 a barrel, after losing 92 cents on Friday.
FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, ArgentinaTOKYO - Oil prices climbed on Monday, reversing some of Friday's losses, as investors focused on a tight global supply outlook and a last-minute deal that avoided a U.S. government shutdown restored their risk appetite.
The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, is unlikely to tweak its current oil output policy when a panel meets on Wednesday, four OPEC+ sources told Reuters, as tighter supplies and rising demand drive an oil price rally. The world's second-largest economy is showing some signs of stabilising after a flurry of modest policy measures, but the outlook is clouded by a property slump, falling exports and high youth unemployment, raising fears of weaker fuel demand.Attorney General Merrick Garland said in an interview that aired Sunday that he would resign if asked by President Joe Biden to take action against Republican presidential frontrunner Donald Trump.
Former California Gov. Arnold Schwarzenegger believes there's still a 'home' for him in the Republican Party, but says his state's GOP has 'done a horrible job' The two-dimensional Tu-95 decoys are easy to spot even on commercially available satellite imagery, meaning they are unlikely to be effective.Warren Buffett, one of the most successful investors in the world, has a reputation for his simple yet profound financial wisdom. I'm a Self-Made Millionaire: Here Are 3 Things I Never Waste Money...NEW YORK — He’s driven a taxi cab, played in a band and protested the Vietnam War.
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