Oil rises slightly as market weighs mixed supply signals
Cinese refiners have suspended exports of oil products to regions beyond Hong Kong and Macau until further notice
Brent crude oil prices rose by 29 cents, or 0.28%, to $102.60 per barrel on Friday, October 2, following China's suspension of fuel exports, according to the Wall Street Journal. West Texas Intermediate (WTI) increased by 27 cents, or 0.29%, to $93.14 per barrel. The market reacted cautiously to mixed signals, with Brent on track for a 1.93% loss for the week after a 14% gain in September.
Analysts noted that the US was sending more troops and carriers to the Middle East, while China had restricted refined product exports, adding uncertainty to the oil market.
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