Oil Updates — Crude ticks up; Citi’s Morse says Brent expected to fall below $80 per barrel

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RIYADH: Oil costs rose on Tuesday on expectations of potential financial stimulus by China, wholesome demand in the remainder of Asia and a drop in US crude stockpiles.

Brent crude futures rose 66 cents, or 0.78 p.c, to $84.84 a barrel at 11.50 a.m. Saudi time, whereas US West Texas Intermediate futures gained 69 cents, or 0.87 p.c, to $80.43 a barrel.

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