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Hydrocarbon: rise in oil prices

08/12/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices stayed close to their highest levels in two weeks on Monday. Investors expect a US Federal Reserve interest rates cut this week, measure likely to stimulate growth é economic and the demand for é energy.

Contracts at Brent term have progressed é of 4 cents, which is 0.06 %, serif; mso-bidi-font-family:cambria">to 63.79 $ per barrel to 00:08 GMT, while the raw am é ricain West Texas Intermediate s' ; mso-bidi-font-family:cambria">é changed to 60.15 $ per barrel, up of 7 cents, which is 0.12 serif; mso-bidi-font-family:cambria"> %.

Both contracts have key O tur é the s é Friday ance at their highest level since the 18th november.

The market é s anticipate at 84 % the probability é a reduction of a quarter point in the key rate during the r é Fed union Tuesday and Wednesday, according to data é es from LSEG. This r é union is however shaping up to be one of the most controversial é es for years é es, investors é tant particuli è attentively ; mso-bidi-font-family:cambria">to the direction of the policy of the central bank am é ricaine and to its internal dynamics.

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