Since the start of trade on January 9, world oil prices have grown amid weakening anti-COVID measures in China. About to witness Trade data on the Investing.com portal.
As of 7:51 Moscow time, the March futures price of Brent crude oil rose 1.27% to $79.57 a barrel, while the February futures price of WTI rose 1.38% to $74.79. At the same time, at 12:24 Moscow time, oil prices continued to rise and Brent rose 3.02% to $80.93 a barrel.
Since the beginning of December 2022, Chinese authorities have begun to gradually ease the coronavirus restrictions, which for three years had been among the strictest in the world. Against this background, oil prices began to rise as there was hope for an increase in fuel demand.
January 6 Bloomberg cites information from traders reportedChina usually buys crude oil that is shipped to Europe. According to the agency, Beijing has already purchased 5 million barrels, mainly raw materials, from Kazakhstan. Also, Chinese oil trader Unipec bought at least 2 million barrels of Norwegian oil Johan Sverdrup for loading in January 2023.
Prior to that, the Russian Ministry of Finance on the Telegram channel reported that the average price of Ural oil in 2022 was $ 76.09 per barrel.