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Oil: rising prices

12/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Les prix du pétrole ont augmenté vendredi sur fond de signes of easing inflationary pressures in the United States, the world's largest consumer of p oil, although Brent crude is still expected to fall on a weekly basis

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Brent crude oil futures rose 52 cents, or 0.6%, to $85.92 per barrel at 10:51am GMT. West Texas Intermediate U.S. crude oil futures rose 73 cents, or 0.9%, to $83.35 per barrel. Both contracts progressed during the previous two sessions. Brent futures are expected to fall by around 1% in one week after four weeks of rising. WTI futures remained broadly stable on a weekly basis. Lower rates are expected to stimulate economic growth, which would contribute to increased fuel consumption

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