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Oil: rising prices

22/10/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices rose slightly on Tuesday in agitated exchanges. Investors focus on expectations that the market is likely to become oversupplied and seeking clarifications on the trade dispute between the United States and the China, the two largest consumers of oil in the world.


At 11:38 ET (15:38 GMT), the futures contracts on the Brent rose 23 cents, or 0.4%, to $61.24 per barrel. The US West Texas Intermediate crude contract for delivery in November, which expires on Tuesday, gained 22 cents, or also 0.4%, to 57.74 dollars.

Both contracts have hit their lowest level since early May on Monday, while production Oil record in the United States and the decision of the Organization of Countries oil exporters and its allies to continue increases in the planned supply raised expectations of oversupply.

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