Oil tops $100 as Sri Lanka's economic indicators show mixed trends
Sri Lanka, Sept. 14 -- Crude oil prices surged above US$100 a barrel during the week ended September 11 amid escalating Middle East tensions and concerns over potential supply disruptions, while Sri Lanka recorded mixed developments across the monetary, fiscal and external sectors.Sri Lanka Tourism
According to the latest weekly economic indicators, both Brent and WTI crude prices rose sharply during the week, increasing by US$12 and US$10.77 per barrel, respectively, compared with the previous week.
The rise in global oil prices came amid heightened geopolitical tensions and intensified attacks along key shipping routes, raising concerns over energy supply and adding pressure to global inflation and economic stability.
In the monetary...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.