At around 09:30 GMT (11:30 CET), the price of a barrel of Brent BRENT Brent or North Sea crude is a variation of crude oil that serves as a reference in Europe, listed on the InterContinentalExchange (ICE), a stock exchange specializing in energy trading. It has become the first international standard for fixing oil prices. from the North Sea, for delivery in September, won 0,68% has 87,19 dollarsafter reaching 87,25 dollarsits highest level since the end of April.
Its American equivalent, the barrel of West Texas Intermediate (WTI WTI West Texas Intermediate (WTI), also called Texas Light Sweet, is a variation of crude oil that serves as a standard in determining the price of crude oil and as a raw material for oil futures contracts on the New York Mercantile Exchange (Nymex), the energy exchange specializing in energy.), for delivery in August, rose by 0,72% has 83,98 dollarshaving earlier also hit its two-month high, at 84,05 dollars.
“Fed interest rate cuts increasingly likely in coming months and geopolitical risk premium still high“, especially because of the war between Israel and Hamas, are contributing to higher prices,” explains Claudio Galimberti of Rystad Energy.
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