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Oil: slight increase in prices

25/10/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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While tensions in the world's largest oil-producing region, the Middle East, and the resumption of ceasefire talks in Gaza in the coming days kept traders on the edge of their seats, oil prices rose slightly on Friday and are on track to register a gain weekly by more than 1%.

While American West Texas Intermediate crude oil was at $70.48 per barrel, up 29 cents, or 0.4%, Brent crude oil futures rose 31 cents, or 0.4%, to $74.69 per barrel at 06:42 GMT. After prices fluctuated against expectations of an intensification or reduction of tensions in the Middle East, both benchmarks fell by 58 cents per barrel in the previous session

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