Price movements
By 13:18 GMT, crude futures rose Brent 46 cents, or 0.6 percent, to $75.42 per barrel, while US West Texas Intermediate crude futures rose 39 cents, or 0.6 percent, to $71.16 per barrel.
Crude prices increased nearly three percent this week, which helps compensate for last week’s losses, which exceeded seven percent as a result of concerns about demand in the country. China The possibility of supply disruptions decreases The Middle East.
Tamas Varga from BVM Brokerage said: Oil: “The headwinds of economic anxiety, oil market imbalance, and potential war-related supply disruptions will ensure that a clear direction for oil prices does not emerge in the near future while the prospects remain on the negative side in the medium term.”
For the first time she said US Yesterday, Wednesday, it had seen evidence indicating that North Korea had sent three thousand soldiers to… Russia For possible deployments to Ukraine, in a move that could constitute a major escalation in the war.
In the Middle East, an intense exchange of fire resulted between… Israel And the Lebanese Hezbollah group exacerbated concerns about supplies OilOfficial Syrian media reported that Israel carried out strikes on the capital, Damascus, early Thursday morning.
“Trump is ahead of Kamla Harris based on current data from betting markets, and Trump has proposed making the United States a major supplier of oil,” said Kelvin Wong, senior analyst at OANDA, adding that this could lead to lower prices.
While betting markets put Trump in the lead, other opinion polls show that the competition is currently too close to predict the outcome of the election.