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Recevez les dernières nouvelles économiques de ForexMart, y compris les mises à jour des marchés financiers, les actions de la Banque centrale, les performances financières et d'autres nouvelles pertinentes qui pourraient avoir un impact sur l'industrie.

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Oil continues to rise in price after rising the day before

Janvier, 08 2025
watermark Economic news

Oil prices continue to rise, reaching their highest levels since October. Brent futures for March delivery rose to $77.85 per barrel. 


The day before, this grade rose by $0.75 (+1%), closing at $77.05. WTI futures for February delivery added $0.41 (+0.55%) and reached $74.66 per barrel, after rising by $0.69 (+0.9%) a day earlier. Both brands ended the previous session at their highest levels since October.


Growth factors:


  • Seasonal demand. The good travel figures during the holiday period supported the optimism.

  • Chinese incentives. Expectations of economic support in China are pushing the quotes up.


Inventory data:


The American Petroleum Institute (API) reported a decrease in oil reserves in the United States by 4 million barrels per week, which was the fifth decline in a row. If the official data of the Ministry of Energy confirms this assessment, it will strengthen the market. Analysts predict a decrease in stocks by 250 thousand barrels.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.