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Asharq Al-Awsat

Business

Asharq Al-Awsat

Oil up amid Wrangling over Russian Oil Price Cap

Oil United States ANZ Asia Thanksgiving

In this file photo taken on September 7, 2022, a general view shows a Syncrude oil sands mining facility near Fort McKay, Alberta, Canada. (AFP)

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.

Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel at 0410 GMT.

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