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Both crude benchmarks recorded their largest increase in the first quarter in 10 years
Oil prices rose about 2% Monday to reach new levels, their highest level since the beginning of 2019. Brent reached $ 69 a barrel after both records recorded the largest gains first quarter every ten years, supported by contraction in supply and positive indicators of the global economy. , According to "Arabic".
In detail, Brent closed up $ 1.43, or 2.1%, to $ 69.01 per barrel, after reaching $ 69.19, its highest level since November.
Crude oil gained 27% from January to March.
US crude futures rose $ 1.45, or 2.4%, to $ 61.59 a barrel, after peaking at $ 61.72 over five months.
US crude increased 32% in the first quarter.
US stocks rose after manufacturing figures in the US and China eased fears of a slowdown in global growth, while China's manufacturing sector returned to unexpected growth in March for the first time in four months.
US manufacturing data was also better than expected in March, helping investors outperform the weak February retail data.
The United States and China said they have made progress in the trade talks that ended in Beijing on Friday. Washington said the talks were "constructive" as the world's two largest economies sought to resolve their trade dispute.
The sanctions imposed by the United States on Iran and Venezuela, the cuts in the stocks of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers have contributed to the support of the United States. price.
A Reuters survey showed that OPEC production in March had fallen by 280,000 barrels per day (bpd) from February, to stand at 30.4 million bpd, or the rate monthly production rate since 2015.
Oil prices reach their highest level in 2019, supported by contraction in supply
Already electronic newspaper
previously
2019-04-02
Oil prices rose about 2% Monday to reach new levels, their highest level since the beginning of 2019. Brent reached $ 69 a barrel after both records recorded the largest gains first quarter every ten years, supported by contraction in supply and positive indicators of the global economy. , According to "Arabic".
In detail, Brent closed up $ 1.43, or 2.1%, to $ 69.01 per barrel, after reaching $ 69.19, its highest level since November.
Crude oil gained 27% from January to March.
US crude futures rose $ 1.45, or 2.4%, to $ 61.59 a barrel, after peaking at $ 61.72 over five months.
US crude increased 32% in the first quarter.
US stocks rose after manufacturing figures in the US and China eased fears of a slowdown in global growth, while China's manufacturing sector returned to unexpected growth in March for the first time in four months.
US manufacturing data was also better than expected in March, helping investors outperform the weak February retail data.
The United States and China said they have made progress in the trade talks that ended in Beijing on Friday. Washington said the talks were "constructive" as the world's two largest economies sought to resolve their trade dispute.
The sanctions imposed by the United States on Iran and Venezuela, the cuts in the stocks of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers have contributed to the support of the United States. price.
A Reuters survey showed that OPEC production in March had fallen by 280,000 barrels per day (bpd) from February, to stand at 30.4 million bpd, or the rate monthly production rate since 2015.
April 02, 2019 – 26 Rajab 1440
1:32
Both crude benchmarks recorded their largest increase in the first quarter in 10 years
Oil prices rose about 2% Monday to reach new levels, their highest level since the beginning of 2019. Brent reached $ 69 a barrel after both records recorded the largest gains of the first quarter of every ten years, supported by the contraction of supply and the positive indicators of the world economy, According to "Arab".
In detail, Brent closed up $ 1.43, or 2.1%, to $ 69.01 per barrel, after reaching $ 69.19, its highest level since November.
Crude oil gained 27% from January to March.
US crude futures rose $ 1.45, or 2.4%, to $ 61.59 a barrel, after peaking at $ 61.72 over five months.
US crude increased 32% in the first quarter.
US stocks rose after manufacturing figures in the US and China eased fears of a slowdown in global growth, while China's manufacturing sector returned to unexpected growth in March for the first time in four months.
US manufacturing data was also better than expected in March, helping investors outperform the weak February retail data.
The United States and China said they have made progress in the trade talks that ended in Beijing on Friday. Washington said the talks were "constructive" as the world's two largest economies sought to resolve their trade dispute.
The sanctions imposed by the United States on Iran and Venezuela, the cuts in the stocks of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers have contributed to the support of the United States. price.
A Reuters survey showed that OPEC production in March had fallen by 280,000 barrels per day (bpd) from February, to stand at 30.4 million bpd, or the rate monthly production rate since 2015.
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