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[size=36]Oil prices continue their gains, and Brent records more than $113 a barrel[/size]
Economie| 09:13 - 27/06/2022
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Follow-up - Mawazine News
: Oil prices continued their gains today, Monday, as investors awaited any moves against Russian oil and gas exports that might be taken during the G7 leaders meeting in Germany.
The prospect of market tightening looms as Western governments seek ways to reduce Russia's ability to finance its war in Ukraine, although G7 leaders are also expected to discuss reviving the Iran nuclear deal, which could boost Iran's oil exports.
But for the time being, supply concerns have overshadowed growing concerns about the possibility of a global recession after a string of downbeat US economic data.
Brent crude futures rose 22 cents, or 0.2%, to $113.34 a barrel, after rising 2.8% on Friday.
US West Texas Intermediate crude reached $107.73 a barrel, up 11 cents, or 0.1%, after rising 3.2% in the previous session. Ended 29/N33
: Oil prices continued their gains today, Monday, as investors awaited any moves against Russian oil and gas exports that might be taken during the G7 leaders meeting in Germany.
The prospect of market tightening looms as Western governments seek ways to reduce Russia's ability to finance its war in Ukraine, although G7 leaders are also expected to discuss reviving the Iran nuclear deal, which could boost Iran's oil exports.
But for the time being, supply concerns have overshadowed growing concerns about the possibility of a global recession after a string of downbeat US economic data.
Brent crude futures rose 22 cents, or 0.2%, to $113.34 a barrel, after rising 2.8% on Friday.
US West Texas Intermediate crude reached $107.73 a barrel, up 11 cents, or 0.1%, after rising 3.2% in the previous session. Ended 29/N33
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