Oil prices rise as investors seek riskier assets and on China demand outlook


SINGAPORE: Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of renewed demand from top oil importer China.

Brent crude futures for December settlement rose 22 cents, or 0.2%, to $90.25 a barrel by 0620 GMT.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Crude oil , Brent , WTI , OPEC

   

Next In Business News

China's yuan nears key threshold, set for third straight yearly loss in 2024
South Korean won drops to lowest level since March 2009; stocks ease
Cocoa, pepper continue resilient performance in 2024, positive outlook in 2025
Dollar stays resilient, Asia shares get festive lift
Automotive sector revs up to another resilient performance in 2024 as first national EV debuts
Life Water sees active trading, falls 1.61%
Coastal Contracts rises 8.44%, secures solar project in Sabah
FBM KLCI edges up in early Boxing Day trade
Ringgit opens slightly higher vs greenback
Trading ideas: BHIC, Nestcon, Classita, Parlo, MMAG, Datasonic

Others Also Read