The upward trend in the price of oil / gold became expensive
According to Webangah News quoted by Mehr News Agency, according to Reuters, concerns about the escalation of tensions in Ukraine due to the West allowing Kiev to use Long-range missiles in the depth of Russian soil, and on the other hand, hopes for an increase in demand from China caused the price of oil to rise in the world market today.
Accordingly, the price of Brent oil in the North Sea increased by 9 cents to 73 dollars and reached 40 cents per barrel. Texas West oil Intermediate also increased by 14 cents to $69 and 53 cents per The barrel was traded.
Now China’s economic data shows that demand for crude oil from the largest importer of black gold has increased. Earlier, weak statistical data about China’s economy caused the price of Brent oil to fall by 20% since April, so that oil has reached its current level from $92 a barrel. .
In the precious metals market, each ounce of gold was traded at 2,641 dollars with an increase of 1.22%. Silver also increased by 0.2% and reached 31 dollars and 21 cents per ounce.
