Oil prices rose in early trading today, Tuesday, as the market was supported by concerns about supplies as a result of production cuts from Saudi Arabia and Russia.
Brent crude futures rose 37 cents, or 0.4%, to $85.71 a barrel, and US West Texas Intermediate crude was $82.37 a barrel, up 43 cents, or 0.5%.
Both closed down about 1% in the previous session, as investors prepare for weak demand from the world’s two largest economies, China and the United States.
Source: National Iraqi News Agency
