China’s actions trigger increase in oil prices

Oil prices rose today, Tuesday, after yesterday’s fall, which was affected by investors’ assessment of future oil demand after China announced some measures to support the real estate sector.

By 08:35 Moscow time, futures for US West Texas Intermediate crude rose 0.48% to $73.34 per barrel.

At the same time, futures for Brent crude rose by 0.40% to $78 per barrel, according to Bloomberg.

Yesterday, black gold prices fell by about 1%, while Brent fixed an estimated $77.69 per barrel, and US oil – $72.99 per barrel.

Source: RT + Bloomberg

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