Oil prices rise more than $1 in early trading
Posted on AllSides September 8th, 2024
From The Center
BEIJING, Sept 9 (Reuters) - Oil futures rose more than $1 in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker than expected U.S. jobs data on Friday.
West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were up 99 cents, or 1.39%, to $72.05 a barrel.