Oil prices up on China economic support pledge


Brent futures rose 9 cents, or 0.1%, to US$79.72 a barrel at 0010 GMT, while US West Texas Intermediate (WTI) crude was steady at US$75.75 per barrel.

TOKYO: Global oil prices rose on Wednesday, boosted by China's pledge to support economic growth, tighter supply from Russia and on lower weekly US crude oil inventories.

Brent futures rose 9 cents, or 0.1%, to US$79.72 a barrel at 0010 GMT, while US West Texas Intermediate (WTI) crude was steady at US$75.75 per barrel.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

Zero abandoned homes�by�2030?
The parcel overhang
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
AI in the layman’s eye
Handling non-public info properly
Broadening Malaysia’s trade
US LNG exporters lead in gas use
High hopes as dividend is nigh
Jinhua – a trading hub without borders

Others Also Read