oil-prices-continue-to-rise-moderately-amid-optimistic-forecasts-of-us-economic-growth-reuters

Oil prices continue to rise moderately amid optimistic forecasts of US economic growth - Reuters

 • 15528 переглядiв

Oil prices rose moderately after U.S. Treasury Secretary Janet Yellen expressed optimism about economic growth and concerns about conflicts in the Middle East. This is reported by Reuters, UNN writes.

Details

Brent crude oil futures rose 31 cents, or 0.4%, to $89.32 per barrel. Futures for US West Texas Intermediate crude rose 23 cents, or 0.3%, to $83.80 per barrel.Over the week, Brent crude rose 2.3% and WTI rose 0.8%.

Treasury Secretary Janet Yellen told the publication that US GDP growth in the first quarter may be revised upward and inflation will decline after a number of "specific" factors led to the weakest economic growth in almost two years.

According to her, the US economic growth was probably stronger than anticipated by the weaker quarterly data.

Data showed that economic growth slowed in the first quarter, and prior to Yellen's comments, oil prices were pressured by fears of accelerating inflation as investors believed that the Federal Reserve would not cut interest rates until September.At the same time, supply concerns over geopolitical tensions in the Middle East also contributed to price gains early in the session.

Oil prices rise after attacks on russian refineries3/18/24, 4:00 AM

Popular

The Taliban attacked Pakistan in response to the deadly airstrikes

The Taliban attacked Pakistan in response to the deadly airstrikes

 • 17121 переглядiв

putin increased the punishment for treason and decided to fight "extremism" from Ukraine

putin increased the punishment for treason and decided to fight "extremism" from Ukraine

 • 20681 переглядiв

Zurabishvili says she will stay at the Presidential residence

Zurabishvili says she will stay at the Presidential residence

 • 23292 переглядiв

Russia has changed the tactics of missile strikes on Ukraine - British intelligence

Russia has changed the tactics of missile strikes on Ukraine - British intelligence

 • 26655 переглядiв

News by theme

Yevlash: Ukraine needs not only Patriot, but also medium and short-range systems

Yevlash: Ukraine needs not only Patriot, but also medium and short-range systems

 • 15053 переглядiв

Spain to provide Ukraine with a batch of missiles for Patriot systems - media

Spain to provide Ukraine with a batch of missiles for Patriot systems - media

 • 18242 переглядiв