The Latest News Regarding Crude Oil Futures. Posted By C/w:-6396479818

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Oil prices mixed as China’s economic woes offset expected supply cuts.

Oil prices were mixed on Tuesday as data showing China’s economy was still struggling with a post-pandemic recovery offset expectations of an extension in supply cuts by leading OPEC+ members Saudi Arabia and Russia.

Brent crude futures for November fell 26 cents, or 0.29%, to $88.74 a barrel. U.S. West Texas Intermediate crude (WTI) October futures meanwhile rose 21 cents, or 0.25%, to $85.76 at 0620 GMT.