Global Oil Prices Rise

Oil prices rose in Wednesday’s trading, supported by expectations of continued demand growth in both the United States and China—the world’s two largest oil consumers—amid signs of improving global economic outlook.اضافة اعلان

According to Bloomberg News Agency, Brent crude futures increased by 0.2%, reaching $68.87 per barrel.
West Texas Intermediate (WTI) crude futures also rose by 0.3%, reaching $66.78 per barrel.

This uptick comes after a two-day decline, as markets largely shrugged off the potential for supply disruptions following U.S. President Donald Trump’s threat to impose tariffs on buyers of Russian oil.

Prices have moved within a relatively narrow range, as signals of strong seasonal demand—driven by increased summer travel in the Northern Hemisphere—compete with concerns that U.S. tariffs on trade partners could slow economic growth and reduce fuel consumption.
— (Petra)