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Commodity: 1% increase in oil prices on Friday

13/12/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Alors que les sanctions supplémentaires contre la Russie ont accru les inquiétudes concernant l' offre, les perspectives d' excédents ont pesé sur les marchés, les prix du pétrole ont augmenté more than 1%

Friday, heading for their first weekly increase since late November.

American West Texas Intermediate crude oil was up 86 cents, or 1.2%, to $70.88. Brent crude oil futures rose 83 cents, or 1.1%, to $74.24 per barrel at 11:05 GMT. Both contracts are on track for a weekly gain of over 3%, as concerns about supply disruptions caused by tightening EU sanctions against Russia and possible similar measures from the United States, as well as hopes that the Chinese stimulus measures announced this week could boost demand in the world's second-largest oil consumer support prices

.
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