Oil prices rose, buoyed by higher demand and a lower US production estimate, despite fears of tariffs.
Raluca Ioana Draghici
Economy
www.shutterstock.com
Always see our news on Google
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.
Sources
Preţurile petrolului au urcat marţi la cel mai ridicat nivel din ultimele două săptămâni, pe fondul unei prognoze mai scăzute de producţie în SUA
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
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
Latest News
21:23
A1 will be closed between Cisnădie and Boița / Traffic will be diverted onto DN7 and DN1
21:13
Siegfried Mureșan claims that some PSD parliamentarians are dissatisfied with Grindeanu's leadership
21:04
A Canadian farmer who moved to Russia to escape “woke” ideology risks being sent to the front in Ukraine
20:47
Otokar signed a $1.472 billion export contract for wheeled armored vehicles without disclosing the client
20:30
South Africa recorded 43 deaths in attacks with an alleged political connection ahead of the local elections on November 4
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
