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ComMODITY: OIL IS ON THE RISE

24/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices rose slightly on Monday. Investors are evaluating the impact of new US sanctions on Iranian exports in relation to ceasefire negotiations aimed at ending the war between Russia and Ukraine

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American West Texas Intermediate crude oil rose 8 cents, or 0.1%, to $68.36. Prices dropped earlier in the day. Brent crude futures gained 4 cents to $72.2 per barrel at 07:35 GMT. Both benchmarks rose on Friday and recorded a second consecutive weekly gain, as new US sanctions against Iran and the latest production plan by the OPEC+ producer group raised expectations of a smaller supply

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