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
08:15
Drone attack in Ryazan, Russia: Industrial facilities caught fire / Governor Pavel Malkov reported six people injured
08:15
Russia reacts after the downing of drones in Romania. Russia calls the downing of the drones "staged incidents" and threatens Romania.
07:56
EXCLUSIVE | July 29, 2026. Trends in online searches / last 24 hours
07:50
The former Minister of Health, Alexandru Rogobete, criticizes the way the unblocked positions in the healthcare system were allocated through a government memorandum.
07:46
American senators have agreed on a bill to impose new sanctions on Russia / It will be named after the late senator Lindsey Graham
See more news
NEWS ON THE SAME TOPICS
.webp)
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
