Oil prices remained stable in early trade on Tuesday, with a potential of increased supply entering the market amid weak global demand growth. Brent crude futures for December delivery rose 13 cents, or 0.18%, to $71.83 a barrel. US West Texas Intermediate oil futures for November delivery rose 11 cents, or 0.16%, to $68.28 per barrel. Oil markets have been under pressure from weaker-than-expected demand growth this year, particularly in China, the world's biggest crude importer. Those demand concerns were reinforced on Monday after data showed the country's manufacturing activity shrank for a fifth month in September. Source: Qatar News Agency
You are here:
Home » Oil Holds Steady amid Increased Supply, Weak Global Demand
Oil Holds Steady amid Increased Supply, Weak Global Demand
POPULAR POSTS
QLM Profits Fall Back 22.48%
August 11, 2026
US Stock Indexes Open Mixed on Wall Street
August 11, 2026
QSE Index Opens Lower on Tuesday
August 11, 2026
QSE Index Opens Lower on Tuesday
August 11, 2026
S. Korea Exports Surge by 57.3% in Q2, Boosted by Semiconductors
August 11, 2026
Oman Crude Oil Price Goes Up by USD 8.13
August 11, 2026