Oil Updates — Crude ticks up; Colombia’s July oil output rose 2.3%; US senators urge sanctions on Russian oil


Wed, 2022-09-21 11:25

RIYADH: Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor fears it could lead to a recession and hurt fuel demand.

Brent crude futures rose 11 cents, or 0.1 percent, to $90.73 a barrel by 0415 GMT after falling $1.38 the previous day.

US West Texas Intermediate crude was at $83.99 a barrel, up 5 cents, or 0.1 percent. The October delivery contract expired down $1.28 on Tuesday while the more active November contract lost $1.42.

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