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155 new news items in the last 24 hours
  1. Home
  2. Economy

Oil prices rose, buoyed by higher demand and a lower US production estimate, despite fears of tariffs.

Raluca Ioana Draghici
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9 July 2025, 07:50
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Oil prices hit their highest levels in two weeks, at $70.46 for Brent and $68.68 for WTI, thanks to an upbeat economic outlook in the US and increased demand for refined products. Although OPEC+ has decided to increase production, robust US demand, especially for diesel and gasoline, is supporting the market. Low US production estimates and perceived inflation stability contribute to this advance.

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Preţurile petrolului au urcat marţi la cel mai ridicat nivel din ultimele două săptămâni, pe fondul unei prognoze mai scăzute de producţie în SUA
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Preţurile petrolului au urcat marţi la cel mai ridicat nivel din ultimele două săptămâni, pe fondul unei prognoze mai scăzute de producţie în SUA şi a datelor economice pozitive
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Preţurile petrolului au urcat marţi la cel mai ridicat nivel din ultimele două săptămâni, pe fondul unei prognoze mai scăzute de producţie în SUA şi a datelor economice pozitive

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NEWS ON THE SAME TOPICS

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Economy
The price of oil rose on Tuesday, fueled by the intensification of conflicts in the Middle East and fears regarding global supply.
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Economy
The prices of oil have dropped on Monday, after OPEC+ decided to increase production by 188,000 bpd starting in August. Exports from the Gulf are recovering.
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Economy
The price of oil rises by approximately 2% after the US airstrikes on Iran.
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Economy
The price of oil has reached its lowest level in the last two weeks, in the context of optimism regarding a peace agreement between the USA and Iran.
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Economy
Oil prices rose on Monday morning after Donald Trump rejected Iran's response to American proposals.
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Economy
Brent crude oil surpasses 80 dollars per barrel after escalating tensions between the USA and Iran
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