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Commodity: Rising oil prices

18/04/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Da In today's first trading, oil prices rose, slightly reducing the losses from the previous session after the United States said that&# 39; they would reinstate oil sanctions against Venezuela

.

US crude futures were up 2 cents to $82.71 per barrel at 0053 GMT, while Brent futures were up 10 cents, or 0.11%, to $87.39 per barrel. Both references fell by 3% in the previous session on demand concerns. ANZ Research said in a note that “continuing supply risks should help support commodity markets, despite the easing of tensions in the Middle East.” According to ANZ Research, Venezuela exported 600,000 barrels per day (bpd) in the first quarter, of which 165,000 bpd were

destined for the United States.
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