Oil prices rose today, Friday, with a decline in the dollar, but they are heading towards weekly losses due to expectations not to reduce the frequency of the sharp raising of American interest rates, as well as the expectations of the weak demand from China, the largest importer of crude with increased injuries to the Coffee-19.
By 01. 30, Brent crude futures rose 67 cents, or 0. 8% to $ 90.
45 a barrel, but they did not move much away from the lowest level in four weeks, in the previous session at $ 89. 53 a barrel.
West Texas Intermediate crude futures increased 70 cents, or 0. 9% to $ 82. 34 a barrel, but they coherent near the lowest level in six weeks.
And supported a slight decrease in the dollar, oil prices, today, Friday; Since the US currency decline makes oil less expensive for other currencies.
Analysts said concerns about a possible closure in China to reduce the increase in injuries to the “Kovid-19”, which has reached its highest levels since April, and fears of further raising interest rates, which might push the American economy towards stagnation, threw the market.
The recession fears this week prevailed despite the approach of the European Union to implement a ban on Russian crude oil on December 5, and the OPEC+ group, which includes OPEC and independent supply producers..
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