Oil rises over 1% after release of economic data

26/01/2023 Argaam
Oil drilling rigs

Oil drilling rigs

Oil prices rose, on Jan. 26, driven by the announcement of significant economic data and continued optimism about demand recovery in China.

 

The US’ GDP rose 2.9% in Q4 2022, beating forecasts of 2.8%.

 

OPEC+ will hold a meeting on Feb. 1, amid expectation of keeping the output unchanged.

 

Brent futures for March delivery traded 1.5%, or $1.35 higher at $87.47 a barrel.

 

West Texas Intermediate (WTI) crude for March delivery advanced 1.1%, or 86 cents, to reach $81.01 a barrel.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.