Middle East tensions raise oil prices to $ 66.69[/rtl]
[rtl]Editorial date:: 2019/7/16 17:38 • 95 times read[/rtl]
The price of oil rose on Tuesday amid tensions in the Middle East, tempered by the resumption of production in the Gulf of Mexico after Hurricane Bari and the prosperity of US supplies thanks to rock oil.
China's economic growth in the second quarter slowed to 6.2 percent from the same period a year ago, the weakest pace in at least 27 years, data showed on Monday.
By 10:30 GMT, London Brent crude was up 21 cents at $ 66.69 a barrel, and global benchmark crude lost 24 cents, or 0.4 percent, on Monday.
US WTI crude futures rose 19 cents to $ 59.77 a barrel. US benchmark crude fell about 1 percent in the previous session.
US oil companies have begun restarting part of the production that stopped in the Gulf of Mexico before Hurricane Bari, which accounted for about 74 percent of the production volume.