World Oil Prices Today Brent was $ 2 and 2 cents
reports about Factory production in China as the world’s largest crude oil importer has increased optimism about fuel demand, but instability Style = “Text-align: Justify”> remain .
Price per barrel of oil Brent North Sea today rose 2 cents to $ 5.5 percent to $ 5 and 2 cents. Oil West Texas Intemic US is also traded at 2 cents, equivalent to a 3.5 percent increase of $ 5, 200 cents.
The official information on Saturday showed that a factory production in China has grown in February at the fastest speed over the past six months. Registration of new orders and higher purchasing volumes has increased production. Investors are waiting for the annual meeting of the Chinese parliament to find out more about its efforts to support the economy.
Analysts believe that production growth in China has been one of the factors contributing to rising oil prices, but warned that the Chinese economy’s prospects could still be affected by a new round of tolls on export to the United States, which begins on March 4.
Oil Brent and US oil have both experienced their first monthly price declines over the past six months. The threat to the US and its business partners has eliminated the confidence of investors to grow the world economy this year and has reduced their desire for risky capital.
On the other hand, European leaders announced their support for Ukraine on Sunday and promised to provide more assistance to the country. The support was announced two days after the Ukrainian President Donald Trump.
Zelnski on Sunday said he could improve his relationship with Trump , but negotiations must continue behind closed doors. He added that he is still ready to sign a mineral resource contract with the US and believes that the United States is ready.
Continuing attacks on Russian refineries concerns exported refinery products.
Analysts keep their forecasts for oil prices unchanged this year and estimate Brent ‘s $ 2 and 2 cents per barrel. They expect any impact of more US sanctions by the surplus of supply and possible peace agreement between Russia and Ukraine.
While the US has put pressure on Iraq to resume exports from the Kurdistan region, four international oil companies in the area announced their exports via the Port Jihan Turkey. They don’t get.
