Oil remains near multi-year highs as energy crunch persists

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NEW YORK (Reuters) – Oil futures rose on Tuesday and were near multi-year highs as an energy supply crunch continued across the globe, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs.

The Brent crude benchmark rose 75 cents to settle at $85.08 a barrel. US West Texas Intermediate futures rose 52 cents to settle at $82.96 a barrel.

With temperatures falling as the Northern Hemisphere winter approaches and heating demand increasing, prices of oil, coal and natural gas are likely to remain elevated, traders and analysts said. However, the power crunch that is sending prices higher is also hurting Chinese economic growth, which fell to its lowest level in a year, official data showed on Monday.

 

آپ کے تبصرے کا شکریہ۔ آپ کا تبصرہ جائزہ لینے کے بعد شائع کیا جائے گا۔
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:

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پاکستان تازہ ترین خبریں, پاکستان عنوانات

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