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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Monday, oil prices hit their highest level since October.
Investors are watching the impact on global fuel demand of colder weather in the northern hemisphere and economic stimulus measures from Beijing.After settling at its highest level since October 14 on Friday, Brent rose by 15 cents, or 0.2%, to $76.66 per barrel at 0125 GMT. American West Texas Intermediate crude gained 22 cents, or 0.3%, to $74.18 per barrel after closing Friday at its highest level since October 11. Last year, slower economic growth and the transition to cleaner fuels in the transport sector weighed on crude imports and fuel demand in China, the world's largest importer and second largest consumer of oil. According to the information, the production of the OPEC producer could fall by 300,000 barrels per day to 3.25 million bpd by the second quarter
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