Oil rises after attacks by Houthis in the Red Sea

However,

Oil rises after attacks houthis:

London: Oil prices are progressing on Friday. Consequently, due to fears about supply via the Red Sea and from Russia, ignoring Donald Trump’s last customs announcements on Canada.

Oil prices remain supported“. Consequently, especially because”Maritime transport by the Red Sea could be more and more diverted“To avoid the area”Following the attacks by the Houthis rebels“, “which would extend the transport routes to Europe“, Signals Barbara Lambrecht, de Commerzbank.

After several months of lull. Furthermore, the Houthis rebels of Yemen attacked the ship Magic Seas on Sunday, then the Eternity C on Monday and Tuesday, flowing the two buildings.

This last attack. one of the deadliest by the Houthis against the merchant navy left at least three people dead and a dozen disappeared, according to the oil rises after attacks houthis aspid European mission.

Moreover, “The United States could decide to impose new sanctions on Russia as early as next week“Adds Ms. Lambrecht.

A Bipartisan US bill provides for the taxation of customs duties of around 500 % On products from countries that continue to buy Russian oil, gas or uranium.

Such a measure “would affect China and India, which bought about two 70% Russian supply“, Note Ipek Ozkardeskaya, analyst at Swissquote.

The summer season also suggests higher petrol demand, between automotive and air trips.

Around 10:35 a.m. GMT (12:35 HEC). the price of the barrel of Brent BRENT Brent or crude northern sea, is a variation of crude oil acting as a reference in Europe, listed on the intercontinentalelexchange (ICE), a stock market specialized in energy trading. It has become the first international standard for setting oil prices. from the North Sea, for delivery in September, took 0,60% has oil rises after attacks houthis 69,05 dollars.

Its American equivalent, the barrel of West Texas Intermediate, for delivery in August, was winning 0,68% has 67,02 dollars.

However, the International Energy Agency (IAI) has slightly revised its forecast for growth in oil demand for the year 2025.

In his July monthly report published on Friday. the agency is counting on an increase in 700,000 barrels per day in 2025, which would constitute “Its lowest rate since 2009, with the exception of the COVVI 2020 year“.

Despite fears of a surplus market. the organization of oil exporting countries and its allies (OPEC+) recently announced a new increase in quotas than scheduled in August, in order to regain market share.

(C) AFP

Oil rises after attacks houthis

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