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ComMODITY: Oil and natural gas prices soar on Thursday

03/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Poussés Due to the prospect of a cold spell in the United States, and while operators returned to the market after New Year's Day, American oil and natural gas prices jumped on Thursday.

The price of a barrel of North Sea Brent crude, for delivery in March, rose 1.73% to $75.93. Its American equivalent, a barrel of West Texas Intermediate, for delivery in February, won 1.97% at 73.13 dollars. According to a note by Phil Flynn of Price Futures Group, “Oil and natural gas are on the rise as an Arctic cold spell is about to hit the United States.” For Matt Smith of Kpler, when it comes to oil, “the fear is that it will have an impact on American production.”

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