Oil Updates — Crude eases; Occidental Q3 profit surges; Oman expects oil prices to fall after winter

Wed, 2022-11-09 09:20

RIYADH: Oil prices slid on Wednesday as industry data showed US crude stockpiles rose more than expected and on worries a rebound in COVID-19 cases in top importer China would hurt fuel demand.

Brent crude futures fell 44 cents, or 0.5 percent, to $94.92 a barrel by 0454 GMT, while US West Texas Intermediate crude futures fell 53 cents, or 0.6 percent, to $88.38 a barrel. The benchmarks fell around 3 percent on Tuesday.

Occidental Q3 profit surges on higher oil prices

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