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8 July 06:55

Oil prices rose by more than 1% on strong demand, offsetting higher OPEC+ production and uncertainty over US tariffs.

Raluca Ioana Draghici

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Economy

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Oil prices were up more than 1% on Monday, with Brent crude reaching $69.16 a barrel and WTI at $67.39, supported by strong market demand. OPEC+ announced a 548,000 barrels/day production increase for August, but actual growth remains modest. Trade and geopolitical tensions, including new tariffs announced by the US and attacks in Yemen, continue to affect the oil market.

Sources

Preţurile petrolului au crescut luni cu peste 1%, pe fondul unei cereri puternice, în pofida unei producții mai mari a OPEC+

Financial Intelligence

Preţurile petrolului au crescut luni cu peste 1%, pe fondul unei cereri puternice, în pofida creşterii producţiei OPEC+ şi a incertitudinilor comerciale

Preţurile petrolului au crescut luni cu peste 1%, pe fondul unei cereri puternice, în pofida creşterii producţiei OPEC+ şi a incertitudinilor comerciale

ȘTIRI PE ACELEAȘI SUBIECTE

Economy

Oil prices have risen by 5% after the sanctions imposed by the USA against the Russian energy giants, Rosneft and Lukoil, in response to the war in Ukraine.

Economy

Oil prices have risen significantly after the US imposed sanctions on the Russian companies Rosneft and Lukoil due to the war in Ukraine.

Economy

The shares of Romgaz and Petrom have reached new historical highs after the sanctions imposed by the USA against the Russian energy giants, Lukoil and Rosneft.

Economy

Earnings have risen on the back of profit reporting from major companies, including Bank of America and ASML, with the S&P 500 climbing by 0.7%.

International

Putin stated that Russia remains one of the largest oil producers globally, contributing 10% to world production, despite Western sanctions.

Economy

Gold has reached record prices, exceeding 4,300 dollars per ounce, due to trade tensions, the political crisis in the USA, and the conflict in Ukraine.

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