2023-05-10 02:05:00
Oil prices continue to rise
Oil prices managed to snatch a third consecutive rise on Tuesday, May 9, led by a US report which slightly raised its estimate of global demand for refined products, while lowering that of crude production a little.
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| An oil well in Cotulla, Texas. |
| Photo: AFP/VNA/CVN |
The price of a barrel of Brent from the North Sea for delivery in July appreciated by 0.55%, to close at 77.44 USD.
The barrel of American West Texas Intermediate (WTI), with maturity in June, gained 0.75%, to 73.71 USD. The EIA now sees global demand hitting 103.16 million barrels per day in the fourth quarter, up from 103.11 so far.
At the same time, it anticipates total production of 103.69 million barrels, still over the last three months of 2023, against 103.72 so far.
APS/VNA/CVN
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