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[size=46]The rise in oil prices is supported by a lack of supplies and the possibility of increasing demand[/size]
Economie
11:50 - 2022-05-25
[You must be registered and logged in to see this image.]11:50 - 2022-05-25
Oil prices rose in early trading on Wednesday, boosted by tight supplies and the prospect of increased demand from the upcoming start of the summer driving season in the United States.
Brent crude futures for July rose $1.27, or 1.27 percent, to $114.83 a barrel. By 04:15 GMT, US West Texas Intermediate crude futures for July delivery rose $1.27, or 1.12%, to $111.00 a barrel.
Brent crude rose 0.1 percent on Tuesday, while West Texas Intermediate crude closed down 52 cents.
On Tuesday, France's new foreign minister said she was optimistic that those still opposed to a new EU sanctions package that would phase out Russian oil imports will be convinced.
Supply may shrink as Memorial Day weekend travel in the US is expected to be the busiest in two years, as more American drivers take to the road and ditch the restrictions of the coronavirus pandemic despite rising fuel prices.
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