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[size=35][size=35]Oil prices are rising again[/size]
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11-12-2022 | 01:36
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During Friday's session, Brent crude futures rose 2.32 dollars to settle at 95.99 dollars a barrel, continuing an increase of 1.1 percent in the previous session, but it fell 2.6 percent during the week.
US West[url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url]Crude futures increased by $2.49, or 2.9 percent, to $88.96 a barrel, during the Friday session, after rising 0.8 percent in the previous session, but fell by about four percent during the week.
The two benchmarks fell during the week due to the rise in US oil inventories and continued concerns about limiting fuel demand in the US[You must be registered and logged in to see this link.]Weekend gains capped losses.
A weak US dollar boosts demand for oil as it makes it cheaper for buyers holding other currencies.
Prices also increased on Friday after a lower-than-expected rise in US inflation boosted hopes that the Federal Reserve would cut the size of upcoming interest rate increases.
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Agency reported[You must be registered and logged in to see this link.]Friday that the Saudi Energy Minister Prince[url=https://www.alsumaria.tv/Entity/3744886816/%D8%B9%D8%A8%D8%AF %D8%A7%D9%84%D8%B9%D8%B2%D9%8A%D8%B2 %D8%A8%D9%86 %D8%B3%D9%84%D9%85%D8%A7%D9%86/ar/]Abdulaziz bin Salman[/url]He said that OPEC+ will remain cautious about oil production, noting that members see "uncertainty" in the global economy ahead of the cartel's next meeting in December.
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Economie
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11-12-2022 | 01:36
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Oil prices settled higher, but fell on a weekly basis after health authorities in China eased some of the country's strict COVID-19 restrictions, boosting hopes of an improvement in economic activity and demand in the world's largest crude importer.
During Friday's session, Brent crude futures rose 2.32 dollars to settle at 95.99 dollars a barrel, continuing an increase of 1.1 percent in the previous session, but it fell 2.6 percent during the week.
US West[url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url]Crude futures increased by $2.49, or 2.9 percent, to $88.96 a barrel, during the Friday session, after rising 0.8 percent in the previous session, but fell by about four percent during the week.
The two benchmarks fell during the week due to the rise in US oil inventories and continued concerns about limiting fuel demand in the US[You must be registered and logged in to see this link.]Weekend gains capped losses.
A weak US dollar boosts demand for oil as it makes it cheaper for buyers holding other currencies.
Prices also increased on Friday after a lower-than-expected rise in US inflation boosted hopes that the Federal Reserve would cut the size of upcoming interest rate increases.
[rtl]Related articles[/rtl]
Agency reported[You must be registered and logged in to see this link.]Friday that the Saudi Energy Minister Prince[url=https://www.alsumaria.tv/Entity/3744886816/%D8%B9%D8%A8%D8%AF %D8%A7%D9%84%D8%B9%D8%B2%D9%8A%D8%B2 %D8%A8%D9%86 %D8%B3%D9%84%D9%85%D8%A7%D9%86/ar/]Abdulaziz bin Salman[/url]He said that OPEC+ will remain cautious about oil production, noting that members see "uncertainty" in the global economy ahead of the cartel's next meeting in December.
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