Economy Country February 21, 2025

Rise in Oil Prices with Increased Demand

Oil prices continued to rise on Friday, on track to achieve weekly gains amid growing expectations for increased demand in global markets.


Rise in Oil Prices with Increased Demand

Astrakhan. September 18. "Interfax" - Oil prices continue their rise into the fifth and are heading towards a weekly increase against the background of rising expectations for a tight supply.

According to data, at 12:49 Moscow time, the price of Northern Urals crude oil benchmark Brent rose by 0.73% to $75.42 per barrel.

"Investors are optimistic due to the further weakening of the dollar, which makes raw materials more attractive to investors using other currencies," noted a senior analyst at Rystad Energy.

"Mixed data on employment in the USA adds confidence in that the federal reserve has maintained a bullish trend in the market and will continue to support the economy through less aggressive measures of stimulus," said the analyst.