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SINGAPORE (Reuters) – Oil prices rose on Friday amid concerns over tensions in the Middle East, hurt by weak global economic growth prospects in the context of a trade war between the United States and the United States. China.
At 0457 GMT, Brent futures were up 7 cents, or 0.1%, to $ 63.46 per barrel. Global crude futures increased by 0.3% in the previous session.
The US WTI rose 18 cents, or 0.3 percent, to $ 56.20 a barrel after rising 0.25 percent last night.
"Growing challenges in the macroeconomic environment are limiting rising prices at a time when risk appetite remains moderate due to the likely weakening of global demand for fuel," said Benjamin Lo, commodity badyst at Futures Futures, a Singapore-based broker.
While supply disruptions in the Middle East have caused prices to rise recently, oil is generally under pressure due to worries about global economic growth and growing signs of damage from oil prices. Sino-US trade war of last year.
A week after Iran seized a British flag-bearer in the Gulf, Britain sent a warship escorting all its flag-flying ships into the Strait of Hormuz, policy change announced Thursday. after the former government declared that he did not have sufficient military resources.
(Reuters)
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