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Oil: prices are rebounding

14/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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After losing more than 1% in the previous session, oil prices rebounded on Friday.

Brent futures rose 54 cents, or 0.77%, to $70.42 per barrel at 10:55am GMT, after falling 1.5% in the previous session. American West Texas Intermediate crude was at $67.13 per barrel, up 58 cents, or 0.87%, after closing down 1.7% on Thursday. Prices are expected to end the week more or less stable compared to last Friday, when Brent settled at $70.36 and WTI at $67.04

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Selon Commerzbank analysts, “the price of Brent has been hovering around $70 for the past two weeks. Whether it stays at this level next week depends on political news.”

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