Oil prices rose at settlement at the end of Thursday's trading, after strong US economic data boosted expectations of higher demand for crude, but concerns about lower Chinese oil imports limited gains. Brent crude futures for September delivery rose 66 cents, or 0.81 percent, at settlement to $82.37 a barrel. US West Texas Intermediate crude futures for September delivery also rose 69 cents, or 0.89 percent, to $78.28 a barrel. Both crudes had fallen more than $1 a barrel earlier in the session. US Commerce Department data showed earlier Thursday that the US economy grew faster than expected in the second quarter as inflation eased, boosting expectations that the Federal Reserve (US central bank) will cut interest rates in September. Source: Qatar News Agency
Related Posts
Syrian-Omani Business Forum kicks off in Muscat next Tuesday
The Syrian-Omani Business Forum, which will be held by the Joint Business Council titled “developing Syrian-Omani economic cooperation” will kick off next Tuesday in the Omani capital, Muscat.The two-day forum will be held at Kempinski Hotel in Muscat…
Economists to QNA: Qatar-Poland Partnership a Model for Cooperation in Energy, Sustainable Development
The partnership between the State of Qatar and the Republic of Poland is a salient model of strategic cooperation in energy and sustainable development. The energy sector plays a pivotal role in strengthening the ties between the two countries, by vir…
The State of Qatar Participates in Tatarstan Oil and Gas Chemicals Forum
The State of Qatar participated in the Tatarstan Oil and Gas Chemicals Forum, which was held at the Kazan Expo International Exhibition Center, under the patronage of HE President of the Republic of Tatarstan Rustam Minnikhanov.More than 180 leading co…