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Commodity: Rising oil prices

02/05/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Après que la Chine a déclaré qu' elle était ouverte à des négociations avec les United States on tariffs, raising hopes of de-escalation in a fierce trade war between the two most major economies in the world, oil prices soared on Friday.

Brent crude futures rose 49 cents, or 0.8%, to $62.62 per barrel at 04:46 GMT, while American West Texas Intermediate crude futures added 50 cents, or 0.8%, to $59.74 per barrel. Oil prices rose late in Thursday's trading to nearly 2% higher after Trump's remarks, erasing some of the losses recorded earlier in the week due to expectations of increased OPEC+ supply coming into the market

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