SINGAPORE  – Oil  prices  inched higher on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, the world's top crude importer. Brent crude futures rose 5 cents, or 0.1 percent, to $93.98 a barrel by 0027 GMT while U.S. West Texas Intermediate crude was at $90.92 a barrel, up 15 cents, or 0.2 percent. 'China's stimulus policy, resilient U.S. economic data, and OPEC+'s ongoing output cuts are the bullish factors that support the  oil  market's upside movement,' CMC Markets analyst Tina Teng said, referring to a reserve ratio cut by China's central bank last week to boost liquidity and support its economy.

https://business.inquirer.net/421617/oil-inches-higher-on-supply-concerns-china-demand-recovery

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