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Oil: rising prices

28/01/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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This Wednesday, oil prices were again progressed. Supply concerns persisting after that a winter storm disrupted the production and exports of American crude oil, while tensions in the Middle East have brought a additional support.

The price of Brent crude oil increased by 28% cents, or 0.4%, to reach $67.85 per barrel at 4:10am GMT, while That the price of American crude oil (West Texas Intermediate) has soared by 35% cents, or 0.6%, to reach $62.74 per barrel.

Both benchmarks jumped by about 3 % Tuesday.

American producers lost up to 2 million barrels per day, or about 15% of national production, in Over the weekend, according to the estimates of analysts and traders, the storm that put a strain on energy infrastructures and electrical networks.

Crude Oil and Natural Gas Exports liquefied from ports on the American coast of the Gulf of Mexico are fell to zero on Sunday, said the Vortexa ship tracking service.

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