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Oil: rising prices

10/02/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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After declines last week due to concerns about a global trade war, oil prices rose slightly on Monday, rebounding.

Brent rose 74 cents, or 1%, to $75.40 per barrel at 09:38 GMT, while American West Texas Intermediate crude also rose 1%, or 72 cents, to $71.72 per barrel. The market recorded its third consecutive weekly decline last week due to concerns about a global trade war. According to Citi, Brent prices are expected to average 60 to 65 dollars per barrel in the second half of 2025, as Trump will persist in his drive to lower energy prices and end up exerting a downward influence

on the oil market.
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