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Oil: prices increase on Monday

17/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Ce lundi, le pétrole a progressé après que les United States has promised to continue attacking the Houthis in Yemen until the Iran-aligned group stops its attacks against maritime transport, and Chinese economic data have fuelled hopes for higher demand.

Brent futures rose by 72 cents, or 1%, to $71.30 per barrel at 09:20 GMT, while American West Texas Intermediate crude futures rose 59 cents, or 0.9%, to $67.77 GMT. According to Giovanni Staunovo of UBS, “oil prices are benefiting from better-than-expected Chinese economic data, new potential stimulus measures in China and renewed tensions in the Middle East, although so far there are still no supply disruptions

.”
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