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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAfter falling in the wake of Thursday's announcement of Angola's exit from the Organization of Petroleum Exporting Countries (OPEC), oil prices are rebounding this weekend. They are still supported by fears of supply disruptions in the Red Sea.
Around 10:25 GMT (11:25 CET), the price of a barrel of Brent from the North Sea, for delivery in February, rose by 0.58%, to 79.85 dollars. A barrel of West Texas Intermediate (WTI), for delivery in the same month, rose 0.81% to 74.49 dollars. According to Han Tan, analyst at Exinity, prices were still buoyed on Friday by the situation in the Red Sea, “where security risks weigh on supply
.”
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