New York West Texas Intermediate (WTI) crude futures closed higher on Friday (June 24), boosted by new worries about oil supplies. tight
WTI crude oil contract for delivery in August It was up $3.35, or 3.2%, at $107.62 a barrel.
Brent crude oil contract (BRENT) for delivery in August. It was up $3.07, or 2.8%, at $113.12 a barrel.
Carsten Fritz, an energy analyst at Commerce Bank Research, said: oil prices soar This was partially driven by news of a new oil halt in Libya. An oil company in the eastern part of the country had to temporarily suspend oil production. due to increased political protests
Investors will keep an eye on the OPEC+ meeting next week. which will take into account market conditions and make decisions about production levels
The oil market surged after the past two days. price drop As investors are more worried about the recession. and the impact that will occur on the demand for fuel
