COVID–19 NEWS   Owners of premises in buildings allowed to determine protocol on wearing of face mask at their venue - Johor Exco | Italy greenlights Omicron-adapted COVID-19 booster shots | New COVID-19 cases down 16.9 pct last week | Japan to simplify COVID-19 airport quarantine procedures | EMA endorses Omicron-adapted COVID-19 vaccines | 

Oil prices rebound following downbeat session

23/09/2022 02:19 PM

NEW YORK, Sept 23 (Bernama) -- Oil prices rose modestly on Thursday, reclaiming some of the losses they had suffered in the prior session, reported Xinhua.

The West Texas Intermediate (WTI) for November delivery increased 55 cents, or nearly 0.7 per cent, to settle at US$83.49 a barrel on the New York Mercantile Exchange. Brent crude for November delivery added 63 cents, or 0.7 per cent, to settle at US$90.46 a barrel on the London ICE Futures Exchange.

The above market reactions came as traders continued to weigh risks from both the demand and supply sides.

On Wednesday, the WTI and Brent dipped 1.2 per cent and 0.9 per cent to settle at their lowest in about two weeks, pressured by another big rate hike of the Federal Reserve and a rise in US crude stockpiles.



Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy