Oil prices continued their profits, after a series of positive data issued by the United States indicated the elasticity of domestic demand, despite the continued impact of the commercial conflict on morale. The ‘West Texas’ mediator rose 2.2% to establish near $ 68 a barrel, which continues to recover from the highlight of the sale, while Brent -Ru settled a little less than $ 71. US consumer prices rose in the slowest rate in four months in February, giving the opportunity to recover, after months of slowdown in the fight against inflation. At the same time, US government data showed Wednesday that demand for gasoline has reached 9.2 million barrels per day, which is the highest level since November. The oil supplies of the country have also increased by 1.5 million barrels, a lower increase than that of 4.2 million barrels expected by an industrial group, while reserves in the Center, Oklahoma, have decreased. US fees have printed oil, but in the mid -January there is still much lower than their highest levels, influenced by the random proposal of US customs duties, OPEC+plans to increase the supply and the expectations of the poor demand in China. Reports, which declared that oil production increased last month, with Kazakhstan about its productive share, on Wednesday contributed to the reduction of profits, although the country agreed on Wednesday to hold the agreed share in the near future. “Oil prices are increasing in the midst of a risk demand, to the consumer price index as it still trades in the cycle of total economic movements,” the CIBC Private Wealth Group said. She added: “The latest OPEC report emphasizes the increase in production by many members, but the market is still strongly focused on the dynamics of the broader macro economic economy.” The geopolitical developments are under control and the geopolitical tension is still maintained, as Ukraine accepted an American 30 -day proposal with Russia, providing the possibility of stopping hostilities in the war that took place three years ago. Meanwhile, Iranian leader Ali Khamenei said the United States’ efforts to launch core conversations with the country are a ‘trick’ that will tighten the sanctions against the country’s economy. Meanwhile, the US Energy Information Administration has reduced its expectations for the surplus of this year and reduced its expectations for the abundance of the offer next year in half, pointing out that the possibility of falling out of Iran and Venezuela.
Oil prices are still rising with the support of US positive data
